StockNews.com Upgrades Sportsman’s Warehouse (NASDAQ:SPWH) to Hold

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

SPWH has been the topic of several other research reports. Lake Street Capital reduced their price objective 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. Roth Mkm decreased their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. Craig Hallum reduced their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird lowered their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Finally, B. Riley dropped their target price on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Trading Up 0.9 %

SPWH opened at $2.25 on Thursday. The firm has a 50 day simple moving average of $2.71 and a 200 day simple moving average of $2.66. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.41. The company has a market cap of $85.16 million, a price-to-earnings ratio of -2.47 and a beta of 0.66. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. On average, sell-side analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Insider Activity at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the transaction, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This represents a 4.62 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard D. Mcbee purchased 20,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Tuesday, September 10th. The shares were bought at an average cost of $2.55 per share, for a total transaction 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. 1.80% of the stock is owned by company insiders.

Institutional Trading of Sportsman’s Warehouse

Large investors have recently modified their holdings of the stock. Ground Swell Capital LLC bought a new stake in Sportsman’s Warehouse during the third quarter worth $28,000. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman’s Warehouse in the first quarter worth about $38,000. Point72 DIFC Ltd acquired a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $40,000. Abacus Planning Group Inc. bought a new stake in shares of Sportsman’s Warehouse during the 3rd quarter valued at approximately $55,000. Finally, Virtu Financial LLC acquired a new position in Sportsman’s Warehouse during the 1st quarter worth approximately $85,000. 83.04% of the stock is owned by institutional investors and hedge funds.

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.