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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.40.

A number of brokerages have recently issued reports on SPWH. Craig Hallum lowered their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating on the stock in a research note on Wednesday, June 5th. Robert W. Baird lowered their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, April 4th. Roth Capital raised Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd. Lake Street Capital reduced their target price on Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Roth Mkm started coverage on Sportsman’s Warehouse in a research report on Monday, June 3rd. They issued a “buy” rating and a $5.00 target price on the stock.

Insider Transactions at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Steven W. Sansom acquired 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average price 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 purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Sportsman’s Warehouse

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Sportsman’s Warehouse by 2,861.4% in the third quarter. FMR LLC now owns 4,759,128 shares of the company’s stock worth $21,368,000 after acquiring an additional 4,598,421 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in Sportsman’s Warehouse during the fourth quarter valued at approximately $2,488,000. AWH Capital L.P. acquired a new stake in Sportsman’s Warehouse during the third quarter valued at approximately $1,167,000. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Sportsman’s Warehouse by 19.5% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after buying an additional 121,731 shares in the last quarter. Finally, CastleKnight Management LP acquired a new stake in Sportsman’s Warehouse during the fourth quarter valued at approximately $384,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Price Performance

Shares of SPWH stock opened at $2.41 on Friday. Sportsman’s Warehouse has a 1-year low of $2.33 and a 1-year high of $6.34. The stock’s 50-day moving average is $3.13 and its 200 day moving average is $3.53. The company has a market cap of $90.98 million, a P/E ratio of -2.87 and a beta of 0.73.

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

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.