Richard Mcbee Purchases 25,000 Shares of Sportsman’s Warehouse (NASDAQ:SPWH) Stock

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Richard Mcbee purchased 25,000 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was bought at an average cost of $2.47 per share, with a total value of $61,750.00. Following the purchase, the director owned 364,886 shares of the company’s stock, valued at approximately $901,268.42. This trade represents a 7.36% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Sportsman’s Warehouse Trading Up 16.1%

Shares of SPWH stock opened at $2.88 on Friday. The stock has a market cap of $110.68 million, a price-to-earnings ratio of -2.94 and a beta of 0.63. The stock has a 50-day moving average of $3.02 and a 200-day moving average of $2.60. The company has a current ratio of 1.19, a quick ratio of 0.06 and a debt-to-equity ratio of 0.21. Sportsman’s Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share for the quarter, meeting the consensus estimate of ($0.12). The company had revenue of $293.90 million during the quarter, compared to analysts’ expectations of $291.56 million. Sportsman’s Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.10%. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportsman’s Warehouse by 245.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock valued at $3,736,000 after purchasing an additional 769,051 shares in the last quarter. Solas Capital Management LLC lifted its holdings in shares of Sportsman’s Warehouse by 67.3% in the first quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock valued at $1,841,000 after purchasing an additional 744,954 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Sportsman’s Warehouse in the first quarter valued at approximately $715,000. GSA Capital Partners LLP lifted its holdings in shares of Sportsman’s Warehouse by 153.2% in the first quarter. GSA Capital Partners LLP now owns 952,178 shares of the company’s stock valued at $947,000 after purchasing an additional 576,098 shares in the last quarter. Finally, Quinn Opportunity Partners LLC bought a new position in shares of Sportsman’s Warehouse in the second quarter valued at approximately $1,796,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

SPWH has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research note on Saturday, September 27th. Lake Street Capital raised their target price on Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Roth Capital raised their target price on Sportsman’s Warehouse from $3.00 to $4.25 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sportsman’s Warehouse has an average rating of “Moderate Buy” and a consensus target price of $3.45.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.