Brokerages Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $2.80

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have earned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $2.80.

A number of research firms have commented on SPWH. Lake Street Capital decreased their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird decreased their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. B. Riley cut their price target on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Roth Mkm lowered their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Finally, Craig Hallum cut their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th.

Insider Buying and Selling at Sportsman’s Warehouse

In related news, CEO Paul Stone bought 39,920 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Paul Stone bought 39,920 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the transaction, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard D. Mcbee bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, with a total value of $51,000.00. Following the completion of the transaction, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Sportsman’s Warehouse

A number of hedge funds have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System purchased a new position in Sportsman’s Warehouse during the 1st quarter worth $38,000. Point72 DIFC Ltd purchased a new position in Sportsman’s Warehouse during the second quarter worth about $40,000. Abacus Planning Group Inc. acquired a new stake in Sportsman’s Warehouse in the third quarter valued at about $55,000. Virtu Financial LLC purchased a new stake in Sportsman’s Warehouse in the 1st quarter valued at approximately $85,000. Finally, Quadrature Capital Ltd purchased a new stake in Sportsman’s Warehouse in the 4th quarter valued at approximately $88,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Price Performance

Sportsman’s Warehouse stock opened at $2.87 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $2.44 and a 200 day moving average price of $2.78. Sportsman’s Warehouse has a 12-month low of $1.81 and a 12-month high of $5.55. The stock has a market cap of $108.63 million, a P/E ratio of -3.42 and a beta of 0.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. The business had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Sell-side analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.