Analysts’ Weekly Ratings Changes for Sportsman’s Warehouse (SPWH)

Sportsman’s Warehouse (NASDAQ: SPWH) has recently received a number of price target changes and ratings updates:

• 9/10/2024 – Sportsman’s Warehouse had its price target lowered by analysts at Roth Mkm from $5.00 to $3.50. They now have a “buy” rating on the stock.
• 9/4/2024 – Sportsman’s Warehouse had its price target lowered by analysts at B. Riley from $4.00 to $2.00. They now have a “neutral” rating on the stock.
• 9/4/2024 – Sportsman’s Warehouse had its price target lowered by analysts at Robert W. Baird from $4.00 to $2.50. They now have a “neutral” rating on the stock.
• 9/4/2024 – Sportsman’s Warehouse had its price target lowered by analysts at Craig Hallum from $4.00 to $3.00. They now have a “hold” rating on the stock.
• 9/4/2024 – Sportsman’s Warehouse had its price target lowered by analysts at Lake Street Capital from $5.00 to $3.00. They now have a “buy” rating on the stock.

Sportsman’s Warehouse Price Performance

Sportsman’s Warehouse stock traded down $0.23 during midday trading on Friday, reaching $2.94. The company’s stock had a trading volume of 1,043,904 shares, compared to its average volume of 469,091. The stock has a market cap of $111.28 million, a PE ratio of -3.50 and a beta of 0.67. 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 Holdings, Inc. has a 52 week low of $1.81 and a 52 week high of $5.55. The business has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.82.

Insider Activity

In other Sportsman’s Warehouse news, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the purchase, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Paul Stone bought 39,920 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was acquired at an average price of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard D. Mcbee acquired 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the purchase, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Board of Administration of Florida Retirement System bought a new stake in shares of Sportsman’s Warehouse during the first quarter valued at approximately $38,000. Point72 DIFC Ltd bought a new stake in Sportsman’s Warehouse during the 2nd quarter valued at $40,000. Virtu Financial LLC acquired a new position in Sportsman’s Warehouse during the first quarter worth $85,000. Quadrature Capital Ltd bought a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at $88,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Sportsman’s Warehouse during the second quarter valued at about $146,000. 83.04% of the stock is owned by institutional investors.

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.