Analysts Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $2.80

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $2.80.

A number of analysts have recently issued reports on the company. Roth Mkm decreased their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. Lake Street Capital reduced their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Craig Hallum reduced their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Robert W. Baird reduced their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, B. Riley reduced their price target on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th.

Sportsman’s Warehouse Stock Up 0.8 %

Shares of NASDAQ:SPWH opened at $2.62 on Friday. 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 1 year low of $1.81 and a 1 year high of $5.41. The stock has a market capitalization of $99.17 million, a P/E ratio of -2.88 and a beta of 0.66. The stock has a 50-day simple moving average of $2.67 and a 200-day simple moving average of $2.71.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $288.73 million for the quarter, compared to analysts’ expectations of $284.00 million. Equities analysts forecast that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Insider Activity

In other news, CEO Paul Stone purchased 39,920 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Paul Stone acquired 39,920 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the purchase, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Mcbee purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $2.55 per share, with a total value of $51,000.00. Following the purchase, the director now owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors have recently modified their holdings of the company. Empowered Funds LLC lifted its holdings in shares of Sportsman’s Warehouse by 8.2% during the first quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock valued at $331,000 after purchasing an additional 8,034 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Sportsman’s Warehouse in the 1st quarter worth about $38,000. Vanguard Group Inc. increased its holdings in shares of Sportsman’s Warehouse by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock valued at $5,991,000 after acquiring an additional 33,976 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Sportsman’s Warehouse by 3.0% during the 1st quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock valued at $1,609,000 after acquiring an additional 15,200 shares during the last quarter. Finally, Teton Advisors Inc. increased its holdings in shares of Sportsman’s Warehouse by 11.7% during the 1st quarter. Teton Advisors Inc. now owns 67,000 shares of the company’s stock valued at $208,000 after acquiring an additional 7,000 shares during the last quarter. 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.