Stock Traders Purchase High Volume of Call Options on Sportsman’s Warehouse (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw unusually large options trading activity on Wednesday. Traders acquired 6,054 call options on the company. This represents an increase of approximately 3,379% compared to the average volume of 174 call options.

Analyst Ratings Changes

SPWH has been the topic of several recent research reports. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price target for the company from $2.00 to $4.00 in a research report on Wednesday, December 11th. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH traded up $0.96 during midday trading on Wednesday, reaching $1.93. The company’s stock had a trading volume of 69,832,793 shares, compared to its average volume of 849,821. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The stock has a market capitalization of $73.11 million, a P/E ratio of -2.22 and a beta of 0.75. The firm has a 50 day moving average price of $1.53 and a 200-day moving average price of $2.17. Sportsman’s Warehouse has a 12-month low of $0.92 and a 12-month high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, equities analysts predict that Sportsman’s Warehouse will post -0.65 earnings per share for the current year.

Institutional Trading of Sportsman’s Warehouse

Several hedge funds have recently added to or reduced their stakes in SPWH. Balyasny Asset Management L.P. bought a new position in shares of Sportsman’s Warehouse during the 4th quarter valued at approximately $33,000. R Squared Ltd purchased a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $33,000. Mink Brook Asset Management LLC bought a new position in Sportsman’s Warehouse during the fourth quarter valued at $41,000. Greenwood Gearhart Inc. purchased a new stake in Sportsman’s Warehouse in the fourth quarter worth $85,000. Finally, Barclays PLC raised its stake in shares of Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after buying an additional 38,038 shares during the period. Institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.