StockNews.com Upgrades Sportsman’s Warehouse (NASDAQ:SPWH) to Hold

StockNews.com upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a report released on Thursday.

Other analysts have also recently issued reports about the stock. B. Riley reduced their target price on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Lake Street Capital decreased their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Robert W. Baird cut their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Craig Hallum reduced their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Roth Mkm lowered their price objective on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Trading Up 0.9 %

Shares of NASDAQ:SPWH opened at $2.25 on Thursday. The firm has a fifty day moving average of $2.71 and a two-hundred day moving average of $2.65. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 12-month low of $1.81 and a 12-month high of $5.41. The firm has a market capitalization of $85.16 million, a P/E ratio of -2.47 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share (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 firm had revenue of $288.73 million for the quarter, compared to analyst estimates of $284.00 million. On average, equities analysts expect that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, 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 price of $2.55 per share, for a total transaction of $51,000.00. Following the purchase, the director now directly owns 205,608 shares in the company, valued at $524,300.40. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The stock was acquired at an average cost 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 in the company, valued at approximately $2,296,558.78. This trade represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

A number of hedge funds have recently bought and sold shares of SPWH. Ground Swell Capital LLC bought a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth about $28,000. State Board of Administration of Florida Retirement System bought a new position in Sportsman’s Warehouse during the first quarter valued at about $38,000. Point72 DIFC Ltd acquired a new position in Sportsman’s Warehouse in the 2nd quarter valued at approximately $40,000. Abacus Planning Group Inc. bought a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth approximately $55,000. Finally, Virtu Financial LLC acquired a new stake in shares of Sportsman’s Warehouse during the 1st quarter worth approximately $85,000. 83.04% of the stock is owned by institutional investors.

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.