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 been assigned an average recommendation of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three 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 company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $2.80.

SPWH has been the subject of several recent analyst reports. Lake Street Capital cut 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 research report on Wednesday, September 4th. Robert W. Baird cut their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. B. Riley decreased their price objective on shares of 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. Craig Hallum cut their target price 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. Finally, StockNews.com upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Tuesday.

Insider Activity

In other Sportsman’s Warehouse news, CEO Paul Stone acquired 39,920 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Paul Stone acquired 39,920 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard D. Mcbee purchased 20,000 shares of Sportsman’s Warehouse 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 directly owns 205,608 shares in the company, valued at approximately $524,300.40. The trade was 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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Sportsman’s Warehouse by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after buying an additional 33,976 shares during the period. Gabelli Funds LLC grew its holdings in Sportsman’s Warehouse by 2.5% during the 1st quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock worth $3,912,000 after acquiring an additional 31,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Sportsman’s Warehouse by 19.5% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after acquiring an additional 121,731 shares in the last quarter. GSA Capital Partners LLP lifted its stake in shares of 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. Finally, Gamco Investors INC. ET AL boosted its position in shares of Sportsman’s Warehouse by 3.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock valued at $1,609,000 after purchasing an additional 15,200 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Up 1.1 %

Shares of SPWH opened at $2.69 on Friday. 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 12 month low of $1.81 and a 12 month high of $5.41. The firm’s 50 day moving average is $2.69 and its 200-day moving average is $2.70. The stock has a market capitalization of $101.82 million, a PE ratio of -2.96 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $288.73 million for 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%. Equities research analysts forecast that Sportsman’s Warehouse will post -0.74 EPS for the current year.

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.