Sportsman’s Warehouse (NASDAQ:SPWH) Stock Rating Upgraded by 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 research note issued on Saturday.

Other equities research analysts also recently issued reports about the stock. Robert W. Baird lowered their target price on shares of 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. Lake Street Capital lowered their price objective on 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. B. Riley dropped their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Craig Hallum decreased their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Roth Mkm lowered their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, 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 %

SPWH opened at $2.14 on Friday. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $5.41. The stock has a fifty day moving average price of $2.57 and a 200-day moving average price of $2.57. The firm has a market cap of $81.00 million, a price-to-earnings ratio of -2.35 and a beta of 0.66. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $284.00 million. As a group, equities research analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Sportsman’s Warehouse by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock valued at $5,991,000 after acquiring an additional 33,976 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Sportsman’s Warehouse in the 1st quarter valued at $85,000. Skylands Capital LLC boosted its holdings in Sportsman’s Warehouse by 44.6% during the second quarter. Skylands Capital LLC now owns 194,000 shares of the company’s stock worth $468,000 after buying an additional 59,800 shares in the last quarter. American Century Companies Inc. boosted its holdings in Sportsman’s Warehouse by 32.0% during the second quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock worth $191,000 after buying an additional 19,237 shares in the last quarter. Finally, Steel Grove Capital Advisors LLC grew its position in Sportsman’s Warehouse by 11.1% during the second quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock valued at $241,000 after buying an additional 10,000 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.