Sportsman’s Warehouse (NASDAQ:SPWH) Raised to “Hold” at StockNews.com

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

Other equities research analysts have also recently issued reports about the stock. Robert W. Baird cut their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report 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 research report on Wednesday, September 4th. Craig Hallum lowered their price target 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. Lake Street Capital cut their price objective on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Finally, Roth Mkm lowered their target price on shares of 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $2.80.

Sportsman’s Warehouse Price Performance

SPWH stock opened at $2.25 on Thursday. 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 fifty-two week low of $1.81 and a fifty-two week high of $5.41. The business has a 50-day moving average of $2.71 and a 200-day moving average of $2.65.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly 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). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The firm had revenue of $288.73 million for the quarter, compared to analyst estimates of $284.00 million. On average, equities analysts anticipate that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard D. Mcbee bought 20,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $2.55 per share, with a total value of $51,000.00. Following the acquisition, the director now owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This represents a 10.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul Stone purchased 39,920 shares of the stock in a transaction on Monday, September 9th. The stock was bought at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, 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. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Virtu Financial LLC bought a new stake in shares of Sportsman’s Warehouse in the first quarter valued at about $85,000. GSA Capital Partners LLP boosted its holdings in Sportsman’s Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after purchasing an additional 473,212 shares during the period. Empowered Funds LLC grew its position in shares of Sportsman’s Warehouse by 8.2% during the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock worth $331,000 after purchasing an additional 8,034 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman’s Warehouse during the first quarter worth approximately $38,000. Finally, American Century Companies Inc. increased its holdings in shares of Sportsman’s Warehouse by 32.0% during the second quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock worth $191,000 after purchasing an additional 19,237 shares during the period. 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.