Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $2.80.

SPWH has been the subject of several research reports. B. Riley dropped their price target on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. StockNews.com cut shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Friday, November 22nd. Robert W. Baird decreased 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 research note on Wednesday, September 4th. Craig Hallum dropped their price objective on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Roth Mkm decreased their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th.

Sportsman’s Warehouse Price Performance

Sportsman’s Warehouse stock opened at $1.86 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. The company’s fifty day moving average price is $2.64 and its 200 day moving average price is $2.60. The stock has a market capitalization of $70.40 million, a P/E ratio of -2.04 and a beta of 0.66. Sportsman’s Warehouse has a 1 year low of $1.81 and a 1 year high of $5.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last released 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 company had revenue of $288.73 million for the quarter, compared to analyst estimates of $284.00 million. As a group, equities research analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee purchased 20,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was acquired at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the director now directly owns 205,608 shares in the company, valued at approximately $524,300.40. The trade was a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Paul Stone acquired 39,920 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

Institutional Trading of Sportsman’s Warehouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ground Swell Capital LLC acquired a new stake in shares of Sportsman’s Warehouse in the third quarter valued at $28,000. State Board of Administration of Florida Retirement System acquired a new position in Sportsman’s Warehouse in the 1st quarter valued at about $38,000. Point72 DIFC Ltd purchased a new stake in Sportsman’s Warehouse during the second quarter worth about $40,000. Abacus Planning Group Inc. acquired a new stake in shares of Sportsman’s Warehouse during the third quarter worth about $55,000. Finally, Virtu Financial LLC purchased a new position in shares of Sportsman’s Warehouse in the first quarter valued at approximately $85,000. 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.