Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a report published on Thursday.

A number of other equities research analysts have also recently commented on the stock. Craig Hallum lowered their price objective on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. 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. Roth Mkm decreased 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 research note on Tuesday, September 10th. Lake Street Capital decreased their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. Finally, B. Riley decreased their price target on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock traded down $0.03 during trading hours on Thursday, reaching $2.20. 32,410 shares of the stock were exchanged, compared to its average volume of 438,005. The stock has a market cap of $83.27 million, a P/E ratio of -2.45 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. 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 is $2.71 and its 200 day moving average is $2.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $288.73 million for the quarter, compared to analysts’ expectations of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. Analysts predict that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insider Transactions at Sportsman’s Warehouse

In other news, CEO Paul Stone acquired 39,920 shares of the stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now directly owns 904,157 shares of the company’s stock, valued at $2,296,558.78. The trade was a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard D. Mcbee acquired 20,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, with a total value of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at $524,300.40. This represents a 10.78 % 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 Trading of Sportsman’s Warehouse

A number of hedge funds have recently made changes to their positions in the stock. FMR LLC grew its position in shares of Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after buying an additional 174,858 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Sportsman’s Warehouse by 1.8% in 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 period. Gabelli Funds LLC boosted its holdings in Sportsman’s Warehouse by 2.5% in the first quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock worth $3,912,000 after purchasing an additional 31,000 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in Sportsman’s Warehouse by 19.5% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after purchasing an additional 121,731 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in Sportsman’s Warehouse by 665.0% in the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after purchasing an additional 473,212 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.