Brokerages Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) PT at $2.80

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have earned a consensus rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $2.80.

Several research analysts recently commented on SPWH shares. Robert W. Baird lowered their target price on 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. Craig Hallum reduced 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 report on Wednesday, September 4th. B. Riley lowered their price target on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Roth Mkm reduced their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Finally, Lake Street Capital dropped their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th.

Sportsman’s Warehouse Price Performance

Sportsman’s Warehouse stock opened at $3.17 on Friday. The company’s 50 day moving average is $2.34 and its two-hundred day moving average is $2.82. The firm has a market cap of $119.98 million, a PE ratio of -3.77 and a beta of 0.67. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $5.55.

Insider Activity at Sportsman’s Warehouse

In other news, CEO Paul Stone acquired 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The shares were bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Paul Stone acquired 39,920 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was acquired at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. Mcbee bought 20,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director now directly owns 205,608 shares in the company, valued at $524,300.40. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new stake in Sportsman’s Warehouse during the 4th quarter worth approximately $2,488,000. Virtu Financial LLC acquired a new position in Sportsman’s Warehouse in the 1st quarter valued at $85,000. Empowered Funds LLC increased its stake in Sportsman’s Warehouse by 8.2% in the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock valued at $331,000 after buying an additional 8,034 shares during the period. Quadrature Capital Ltd purchased a new position in Sportsman’s Warehouse during the 4th quarter worth $88,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Sportsman’s Warehouse in the 1st quarter worth $38,000. Hedge funds and other institutional investors 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.