Craig Hallum Trims Sportsman’s Warehouse (NASDAQ:SPWH) Target Price to $3.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target reduced by analysts at Craig Hallum from $4.00 to $3.00 in a report released on Wednesday, Benzinga reports. The firm currently has a “hold” rating on the stock. Craig Hallum’s price target indicates a potential upside of 25.52% from the stock’s current price.

Several other research firms also recently commented on SPWH. Roth Capital raised shares of Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday, June 3rd. Robert W. Baird cut their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday. Roth Mkm started coverage on Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a “buy” rating and a $5.00 target price for the company. Finally, Lake Street Capital dropped their price target on shares of Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.10.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH opened at $2.39 on Wednesday. The business has a 50 day simple moving average of $2.23 and a 200 day simple moving average of $2.89. Sportsman’s Warehouse has a 52 week low of $1.81 and a 52 week high of $5.55. The stock has a market cap of $90.22 million, a price-to-earnings ratio of -2.85 and a beta of 0.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, June 4th. The company reported ($0.47) EPS 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 for the quarter, compared to analyst estimates of $248.36 million. During the same quarter last year, the company earned ($0.39) EPS. The business’s revenue for the quarter was down 8.7% compared to the same quarter last year. On average, analysts predict that Sportsman’s Warehouse will post -0.24 EPS for the current year.

Insiders Place Their Bets

In other Sportsman’s Warehouse news, Director Steven W. Sansom acquired 10,000 shares of Sportsman’s Warehouse stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $2.91 per share, with a total value of $29,100.00. Following the completion of the transaction, the director now owns 90,000 shares of the company’s stock, valued at $261,900. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman’s Warehouse during the 1st quarter worth about $38,000. Point72 DIFC Ltd acquired a new stake in Sportsman’s Warehouse during the second quarter worth about $40,000. Quadrature Capital Ltd bought a new position in Sportsman’s Warehouse during the fourth quarter valued at about $88,000. Virtu Financial LLC acquired a new position in Sportsman’s Warehouse in the 1st quarter valued at approximately $85,000. Finally, Kennedy Capital Management LLC bought a new stake in shares of Sportsman’s Warehouse in the 1st quarter worth approximately $187,000. 83.04% of the stock is currently 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.