Sportsman’s Warehouse (NASDAQ:SPWH) Stock Rating Upgraded by StockNews.com

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

A number of other equities research analysts have also weighed in on the company. Robert W. Baird dropped their price target 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. Lake Street Capital dropped 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. B. Riley dropped their price target on 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 dropped their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, Craig Hallum dropped their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock opened at $2.69 on Tuesday. The company has a market capitalization of $101.82 million, a PE ratio of -2.96 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. The company has a 50-day simple moving average of $2.69 and a two-hundred day simple moving average of $2.70. Sportsman’s Warehouse has a one year low of $1.81 and a one year high of $5.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $288.73 million during the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. Research analysts expect that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Paul Stone acquired 39,920 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Paul Stone acquired 39,920 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Mcbee acquired 20,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Empowered Funds LLC raised its stake in shares of Sportsman’s Warehouse by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock worth $326,000 after buying an additional 6,030 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of Sportsman’s Warehouse by 3.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock worth $357,000 after buying an additional 4,909 shares during the period. GSA Capital Partners LLP raised its stake in shares of Sportsman’s Warehouse by 665.0% during the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after buying an additional 473,212 shares during the period. Ground Swell Capital LLC acquired a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth approximately $28,000. Finally, Abacus Planning Group Inc. acquired a new position in Sportsman’s Warehouse in the 3rd quarter valued at $55,000. 83.04% of the stock is owned by institutional investors and hedge funds.

About Sportsman’s Warehouse

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.