Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Rating of “Moderate Buy” from Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.40.

A number of research firms have commented on SPWH. Roth Mkm initiated coverage on Sportsman’s Warehouse in a research note on Monday, June 3rd. They set a “buy” rating and a $5.00 price objective on the stock. Roth Capital raised shares of Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday, June 3rd. Lake Street Capital decreased their target price on shares of Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Finally, Craig Hallum cut their price target on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a report on Wednesday, June 5th.

Insider Transactions at Sportsman’s Warehouse

In other news, Director Steven W. Sansom acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of $2.91 per share, with a total value of $29,100.00. Following the acquisition, the director now directly owns 90,000 shares in the company, valued at approximately $261,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. CastleKnight Management LP acquired a new stake in Sportsman’s Warehouse during the 4th quarter valued at approximately $384,000. Fund 1 Investments LLC acquired a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth $375,000. GSA Capital Partners LLP bought a new position in Sportsman’s Warehouse during the fourth quarter worth $2,488,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at $88,000. Finally, Empowered Funds LLC grew its holdings in 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 acquiring an additional 8,034 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Stock Performance

SPWH opened at $1.96 on Monday. The stock has a fifty day moving average of $2.35 and a 200-day moving average of $3.03. The company has a market capitalization of $73.99 million, a P/E ratio of -2.33 and a beta of 0.69. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $6.34.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 4th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. The business had revenue of $244.24 million during the quarter, compared to analyst estimates of $248.36 million. During the same quarter last year, the firm earned ($0.39) EPS. Sportsman’s Warehouse’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, equities research analysts predict that Sportsman’s Warehouse will post -0.24 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.