Sportsman’s Warehouse (NASDAQ:SPWH) PT Lowered to $2.50

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective decreased by investment analysts at Robert W. Baird from $4.00 to $2.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. Robert W. Baird’s target price suggests a potential upside of 4.60% from the stock’s previous close.

SPWH has been the subject of a number of other reports. Lake Street Capital lowered their price target on Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Roth Capital upgraded shares of Sportsman’s Warehouse to a “strong-buy” rating in a report on Monday, June 3rd. Roth Mkm began coverage on shares of Sportsman’s Warehouse in a research note on Monday, June 3rd. They set a “buy” rating and a $5.00 price target on the stock. Finally, Craig Hallum decreased their price objective on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a research note on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sportsman’s Warehouse presently has an average rating of “Hold” and an average target price of $3.10.

Sportsman’s Warehouse Trading Up 7.2 %

Sportsman’s Warehouse stock opened at $2.39 on Wednesday. The company has a fifty day simple moving average of $2.23 and a 200-day simple moving average of $2.89. The stock has a market cap of $90.22 million, a P/E ratio of -2.85 and a beta of 0.69. Sportsman’s Warehouse has a 12-month low of $1.81 and a 12-month high of $5.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, June 4th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $248.36 million. During the same period last year, the firm earned ($0.39) earnings per share. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. As a group, sell-side analysts forecast that Sportsman’s Warehouse will post -0.24 earnings per share for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Steven W. Sansom acquired 10,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $2.91 per share, for a total transaction of $29,100.00. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $261,900. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SPWH. Vanguard Group Inc. raised its stake 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 purchasing an additional 33,976 shares during the last quarter. Gabelli Funds LLC increased its stake in Sportsman’s Warehouse by 2.5% in the 1st quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock valued at $3,912,000 after buying an additional 31,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in Sportsman’s Warehouse by 19.5% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after buying an additional 121,731 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at about $2,488,000. Finally, Gamco Investors INC. ET AL increased its stake in shares of Sportsman’s Warehouse by 3.0% during the first quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock worth $1,609,000 after acquiring an additional 15,200 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.