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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $2.80.

A number of equities analysts recently issued reports on SPWH shares. B. Riley cut their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a 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 on the stock in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Robert W. Baird decreased their price objective 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. Finally, Craig Hallum reduced their price objective on shares of 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.

Insider Buying and Selling

In other news, Director Richard D. Mcbee purchased 20,000 shares of the company’s stock in a transaction on 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 in the company, valued at approximately $524,300.40. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul Stone bought 39,920 shares of the business’s stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the purchase, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. This 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 company insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors and hedge funds have recently bought and sold shares of the stock. Ground Swell Capital LLC purchased a new stake in shares of Sportsman’s Warehouse during the third quarter worth about $28,000. State Board of Administration of Florida Retirement System purchased a new stake in Sportsman’s Warehouse during the 1st quarter valued at about $38,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse during the second 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 $55,000. Finally, Virtu Financial LLC bought a new stake in Sportsman’s Warehouse in the 1st quarter worth about $85,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Price Performance

SPWH stock opened at $2.14 on Wednesday. Sportsman’s Warehouse has a 12-month low of $1.81 and a 12-month high of $5.41. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $2.57 and its 200 day simple moving average is $2.58. The firm has a market cap of $81.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, analysts expect that Sportsman’s Warehouse will post -0.74 earnings per share for the current 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.