Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded at StockNews.com

StockNews.com upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research note issued to investors on Thursday.

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

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ:SPWH opened at $2.25 on Thursday. The business has a fifty day moving average of $2.71 and a 200-day moving average of $2.65. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. Sportsman’s Warehouse has a twelve month low of $1.81 and a twelve month high of $5.41. The firm has a market cap of $85.16 million, a PE ratio of -2.47 and a beta of 0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. On average, equities research analysts predict that Sportsman’s Warehouse will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. The trade was a 4.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard D. Mcbee acquired 20,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, with a total value of $51,000.00. Following the transaction, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. This trade represents a 10.78 % 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 Trading of Sportsman’s Warehouse

A number of hedge funds have recently modified their holdings of SPWH. Geode Capital Management LLC lifted its holdings 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 worth $1,176,000 after buying an additional 10,058 shares in the last quarter. Barclays PLC raised its stake in Sportsman’s Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after purchasing an additional 38,038 shares in the last quarter. XTX Topco Ltd bought a new stake in Sportsman’s Warehouse in the 3rd quarter valued at about $107,000. Jane Street Group LLC increased its holdings in shares of Sportsman’s Warehouse by 16.6% during the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after purchasing an additional 32,073 shares during the period. Finally, Portolan Capital Management LLC bought a new position in shares of Sportsman’s Warehouse during the third quarter worth approximately $2,565,000. 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.