Sportsman’s Warehouse (NASDAQ:SPWH) Stock Rating Upgraded by StockNews.com

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

SPWH has been the subject of a number of other reports. Craig Hallum lowered their price objective on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Roth Mkm lowered 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. B. Riley cut their target price on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Lake Street Capital cut their price objective 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, Robert W. Baird decreased their price target 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. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Price Performance

Shares of Sportsman’s Warehouse stock traded up $0.03 during trading on Thursday, reaching $2.23. The company’s stock had a trading volume of 208,776 shares, compared to its average volume of 439,840. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average price of $2.71 and a two-hundred day moving average price of $2.67. The stock has a market capitalization of $84.40 million, a P/E ratio of -2.45 and a beta of 0.66. Sportsman’s Warehouse has a one year low of $1.81 and a one year high of $5.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $288.73 million during the quarter, compared to analysts’ expectations of $284.00 million. As a group, sell-side analysts anticipate that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other Sportsman’s Warehouse news, Director Richard D. Mcbee acquired 20,000 shares of the company’s stock in a transaction on 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 directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This represents a 10.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul Stone bought 39,920 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $2.54 per share, for a total transaction 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 trade was a 4.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently made changes to their positions in the business. GSA Capital Partners LLP raised its holdings in shares of Sportsman’s Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after buying an additional 473,212 shares during the period. FMR LLC grew its holdings in shares of Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after purchasing an additional 174,858 shares during the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $384,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Sportsman’s Warehouse by 19.5% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after acquiring an additional 121,731 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Sportsman’s Warehouse in the second quarter valued at approximately $199,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.