StockNews.com Downgrades Sportsman’s Warehouse (NASDAQ:SPWH) to Sell

Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other equities analysts have also weighed in on the company. Robert W. Baird lowered their target price on 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. 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. 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. Roth Mkm reduced their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Finally, 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. One analyst has rated the stock with a sell rating, three have given 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.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.80.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $2.00 on Friday. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $2.66 and its two-hundred day moving average price is $2.62. The firm has a market capitalization of $75.70 million, a price-to-earnings ratio of -2.20 and a beta of 0.66. Sportsman’s Warehouse has a 12-month low of $1.81 and a 12-month high of $5.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share 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 the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. On average, analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Insider Buying and Selling at Sportsman’s Warehouse

In other news, Director Richard D. Mcbee purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $2.55 per share, for a total transaction 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. The trade was a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the purchase, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. The trade was a 4.62 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. SkyView Investment Advisors LLC lifted its stake in shares of Sportsman’s Warehouse by 5.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after acquiring an additional 9,332 shares during the last quarter. Barclays PLC lifted its holdings in Sportsman’s Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after buying an additional 38,038 shares during the period. Geode Capital Management LLC lifted its holdings in Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $1,176,000 after buying an additional 10,058 shares during the period. XTX Topco Ltd acquired a new position in Sportsman’s Warehouse during the 3rd quarter worth about $107,000. Finally, Jane Street Group LLC lifted its holdings in Sportsman’s Warehouse by 16.6% during the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after buying an additional 32,073 shares during the period. 83.04% of the stock is currently owned by institutional investors.

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.