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

StockNews.com cut shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research report report published on Friday.

A number of other analysts have also recently commented on SPWH. Roth Mkm cut their price objective on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Robert W. Baird reduced their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Lake Street Capital dropped their target price on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. 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 note on Wednesday, September 4th. Finally, Craig Hallum decreased their price target on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $2.80.

Sportsman’s Warehouse Trading Up 0.5 %

NASDAQ SPWH opened at $2.01 on Friday. The company has a market capitalization of $76.08 million, a PE ratio of -2.22 and a beta of 0.66. The company has a fifty day moving average of $2.66 and a 200 day moving average of $2.61. Sportsman’s Warehouse has a 1 year low of $1.81 and a 1 year high of $5.41. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted 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 firm had revenue of $288.73 million for the quarter, compared to analysts’ expectations of $284.00 million. Research analysts forecast that Sportsman’s Warehouse will post -0.74 earnings per share for the current year.

Insider Buying and Selling at Sportsman’s Warehouse

In related news, CEO Paul Stone acquired 39,920 shares of the 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 purchase, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. This represents a 4.62 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Mcbee acquired 20,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the purchase, the director now directly owns 205,608 shares of the company’s stock, valued at $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 owned by insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC acquired a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at $2,565,000. GSA Capital Partners LLP lifted its stake 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 purchasing an additional 473,212 shares during the last quarter. FMR LLC lifted its stake in shares of Sportsman’s Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after purchasing an additional 174,858 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at $384,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at $199,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

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.