Sportsman’s Warehouse (NASDAQ:SPWH) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a report released on Friday morning.

Several other brokerages also recently weighed in on SPWH. Craig Hallum cut their price target on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Roth Mkm cut their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Robert W. Baird cut their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. B. Riley lowered their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, Lake Street Capital lowered 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $2.80.

Sportsman’s Warehouse Stock Performance

SPWH opened at $2.00 on Friday. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $5.41. The firm’s 50-day moving average price is $2.66 and its 200-day moving average price is $2.62. 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 has a market cap of $75.70 million, a P/E ratio of -2.20 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The business had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. As a group, equities analysts anticipate that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other Sportsman’s Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This represents a 10.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Paul Stone bought 39,920 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at approximately $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. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPWH. Portolan Capital Management LLC purchased a new position in shares of Sportsman’s Warehouse during the 3rd quarter valued at approximately $2,565,000. GSA Capital Partners LLP lifted its holdings in Sportsman’s Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after purchasing an additional 473,212 shares in the last quarter. FMR LLC lifted its holdings in Sportsman’s Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after purchasing an additional 174,858 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in Sportsman’s Warehouse in the 2nd quarter valued at $384,000. Finally, Squarepoint Ops LLC purchased a new position in Sportsman’s Warehouse in the 2nd quarter valued at $199,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.