Sportsman’s Warehouse (NASDAQ:SPWH) CEO Paul Stone Purchases 59,979 Shares

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) CEO Paul Stone acquired 59,979 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were bought at an average price of $2.80 per share, with a total value of $167,941.20. Following the transaction, the chief executive officer owned 1,110,602 shares in the company, valued at $3,109,685.60. This represents a 5.71% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Paul Stone also recently made the following trade(s):

• On Thursday, October 2nd, Paul Stone acquired 8,300 shares of Sportsman’s Warehouse stock. The shares were bought at an average price of $2.46 per share, with a total value of $20,418.00.

Sportsman’s Warehouse Trading Up 16.1%

Sportsman’s Warehouse stock opened at $2.88 on Friday. The stock has a market cap of $110.68 million, a PE ratio of -2.94 and a beta of 0.63. The stock has a 50-day moving average price of $3.02 and a 200 day moving average price of $2.61. Sportsman’s Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.33. 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 (NASDAQ:SPWH) last posted its quarterly earnings data on Thursday, September 4th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm 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. Equities research analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors have recently made changes to their positions in SPWH. Teton Advisors Inc. increased its holdings in shares of Sportsman’s Warehouse by 7.4% in the 2nd quarter. Teton Advisors Inc. now owns 65,500 shares of the company’s stock valued at $226,000 after acquiring an additional 4,500 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Sportsman’s Warehouse by 50.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock valued at $62,000 after acquiring an additional 6,000 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Sportsman’s Warehouse by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company’s stock valued at $1,020,000 after acquiring an additional 9,000 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Sportsman’s Warehouse by 2.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 541,000 shares of the company’s stock valued at $1,866,000 after acquiring an additional 11,294 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $45,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Sportsman’s Warehouse in a report on Saturday, September 27th. Lake Street Capital lifted their price target on Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a report on Friday, September 5th. Finally, Roth Capital lifted their price target on Sportsman’s Warehouse from $3.00 to $4.25 and gave the company a “buy” rating in a report on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating and one has given a Sell 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 $3.45.

About Sportsman’s Warehouse

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.