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

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

A number of other equities analysts have also weighed in on the stock. Lake Street Capital dropped their target price on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Craig Hallum cut their price objective on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Roth Mkm reduced their target price on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Robert W. Baird dropped 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. Finally, B. Riley reduced their price target on shares of 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. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Trading Down 2.3 %

Shares of Sportsman’s Warehouse stock opened at $2.14 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. The company has a fifty day moving average of $2.57 and a 200 day moving average of $2.57. The company has a market capitalization of $81.00 million, a P/E ratio of -2.35 and a beta of 0.66. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $284.00 million. On average, sell-side analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Paul Stone bought 39,920 shares of the stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the purchase, the chief executive officer now 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard D. Mcbee purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors have recently modified their holdings of the stock. SkyView Investment Advisors LLC grew its stake in Sportsman’s Warehouse by 5.3% in the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after purchasing an additional 9,332 shares in the last quarter. Barclays PLC grew its position in shares of 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 in the last quarter. Geode Capital Management LLC increased its stake in shares of Sportsman’s Warehouse by 2.4% during the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after buying an additional 10,058 shares during the period. XTX Topco Ltd purchased a new position in shares of Sportsman’s Warehouse during the third quarter valued at $107,000. Finally, Jane Street Group LLC raised its holdings in shares of Sportsman’s Warehouse by 16.6% in the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after acquiring an additional 32,073 shares in the last quarter. 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.