Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $2.80 Average Price Target from Analysts

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

A number of equities research analysts have issued reports on the stock. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday. Lake Street Capital lowered their target price 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. Craig Hallum cut their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. B. Riley reduced their price target on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, Roth Mkm dropped 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.

Insider Transactions at Sportsman’s Warehouse

In other news, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 4.62 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Mcbee acquired 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $2.55 per share, with a total value of $51,000.00. Following the completion of the purchase, the director now directly owns 205,608 shares of the company’s stock, valued at $524,300.40. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPWH. OneDigital Investment Advisors LLC grew its position in shares of Sportsman’s Warehouse by 3.9% in the third quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock valued at $357,000 after purchasing an additional 4,909 shares during the last quarter. Empowered Funds LLC increased its position in Sportsman’s Warehouse by 5.3% in 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. SkyView Investment Advisors LLC lifted its holdings in shares of Sportsman’s Warehouse by 5.3% during the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after buying an additional 9,332 shares during the last quarter. Steel Grove Capital Advisors LLC boosted its position in shares of Sportsman’s Warehouse by 11.1% in the second quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock valued at $241,000 after acquiring an additional 10,000 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Sportsman’s Warehouse by 2.4% in the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $1,176,000 after acquiring an additional 10,058 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

Shares of SPWH stock opened at $2.14 on Wednesday. The stock’s fifty day simple moving average is $2.57 and its 200-day simple moving average is $2.57. The company has a market capitalization of $81.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.66. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 1-year low of $1.81 and a 1-year high of $5.41.

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

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.