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

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also issued reports on SPWH. Robert W. Baird dropped their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Roth Mkm dropped their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Craig Hallum cut their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Lake Street Capital decreased their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. Finally, B. Riley cut their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Four equities research 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 stock. According to data from MarketBeat, Sportsman’s Warehouse currently has an average rating of “Moderate Buy” and an average price target of $2.80.

Sportsman’s Warehouse Stock Down 2.3 %

Shares of Sportsman’s Warehouse stock opened at $2.14 on Friday. Sportsman’s Warehouse has a 1-year low of $1.81 and a 1-year high of $5.41. The company has a market capitalization of $81.00 million, a PE ratio of -2.35 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. The business has a 50-day moving average of $2.57 and a 200-day moving average of $2.58.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. The business had revenue of $288.73 million during the quarter, compared to analysts’ expectations of $284.00 million. As a group, equities analysts forecast that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

In related news, Director Richard D. Mcbee acquired 20,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price 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 trade represents a 10.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul Stone bought 39,920 shares of the company’s stock in a transaction on 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 directly owns 904,157 shares of the company’s stock, valued at $2,296,558.78. This trade represents a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

Several hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new stake in shares of Sportsman’s Warehouse in the third quarter valued at approximately $28,000. Point72 DIFC Ltd bought a new position in Sportsman’s Warehouse in the 2nd quarter worth approximately $40,000. Abacus Planning Group Inc. bought a new position in shares of Sportsman’s Warehouse in the third quarter worth $55,000. Virtu Financial LLC bought a new stake in shares of Sportsman’s Warehouse during the first quarter valued at about $85,000. Finally, Barclays PLC lifted its holdings in Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after purchasing an additional 38,038 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.