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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $4.40.

Several research firms have recently issued reports on SPWH. Roth Capital raised shares of Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday, June 3rd. B. Riley decreased their price objective on shares of Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Craig Hallum decreased their price objective on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Roth Mkm began coverage on shares of Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a “buy” rating and a $5.00 price objective for the company. Finally, Lake Street Capital decreased their price objective on shares of Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th.

Sportsman’s Warehouse Stock Down 1.9 %

NASDAQ:SPWH opened at $2.11 on Friday. The company has a fifty day simple moving average of $3.03 and a two-hundred day simple moving average of $3.48. The company has a market cap of $79.65 million, a price-to-earnings ratio of -2.51 and a beta of 0.69. Sportsman’s Warehouse has a 52 week low of $2.04 and a 52 week high of $6.34.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, June 4th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $244.24 million during the quarter, compared to analyst estimates of $248.36 million. Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. The business’s revenue was down 8.7% on a year-over-year basis. During the same quarter last year, the firm earned ($0.39) EPS. On average, analysts expect that Sportsman’s Warehouse will post -0.24 EPS for the current year.

Insider Activity at Sportsman’s Warehouse

In related news, Director Steven W. Sansom purchased 10,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $2.91 per share, with a total value of $29,100.00. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at $261,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System acquired a new position in Sportsman’s Warehouse in the first quarter valued at $38,000. Abacus Planning Group Inc. acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at $81,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at $88,000. Virtu Financial LLC acquired a new position in Sportsman’s Warehouse in the first quarter valued at $85,000. Finally, Kennedy Capital Management LLC acquired a new position in Sportsman’s Warehouse in the first quarter valued at $187,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.