Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Richard D. Mcbee Purchases 20,000 Shares of Stock

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Richard D. Mcbee purchased 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The stock was bought 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 directly owns 205,608 shares of the company’s stock, valued at $524,300.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Sportsman’s Warehouse Trading Down 2.9 %

Sportsman’s Warehouse stock opened at $2.38 on Wednesday. Sportsman’s Warehouse Holdings, Inc. has a one year low of $1.81 and a one year high of $5.55. The company’s fifty day moving average price is $2.23 and its two-hundred day moving average price is $2.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07. The company has a market capitalization of $90.08 million, a price-to-earnings ratio of -2.83 and a beta of 0.67.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPWH. CastleKnight Management LP acquired a new stake in Sportsman’s Warehouse in the 4th quarter worth approximately $384,000. Fund 1 Investments LLC bought a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $375,000. GSA Capital Partners LLP acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth $2,488,000. Quadrature Capital Ltd bought a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth $88,000. Finally, Empowered Funds LLC grew its stake in Sportsman’s Warehouse by 8.2% in the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock valued at $331,000 after buying an additional 8,034 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SPWH. Roth Mkm dropped their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday. B. Riley cut their price objective 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. 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 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. Finally, Robert W. Baird reduced their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.80.

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.