Sportsman's Warehouse Target of Unusually High Options Trading (NASDAQ:SPWH)

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) saw some unusual options trading on Wednesday. Stock traders purchased 6,054 call options on the company. This is an increase of 3,379% compared to the average daily volume of 174 call options.

Institutional Trading of Sportsman's Warehouse

Large investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. bought a new position in shares of Sportsman's Warehouse in the fourth quarter worth about $33,000. R Squared Ltd bought a new position in Sportsman's Warehouse in the 4th quarter valued at approximately $33,000. Mink Brook Asset Management LLC bought a new position in Sportsman's Warehouse in the 4th quarter valued at approximately $41,000. Greenwood Gearhart Inc. acquired a new stake in Sportsman's Warehouse in the fourth quarter valued at approximately $85,000. Finally, Barclays PLC grew its stake in shares of Sportsman's Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after buying an additional 38,038 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman's Warehouse Price Performance

Shares of SPWH traded down $0.35 during trading hours on Friday, hitting $1.33. 3,037,552 shares of the company were exchanged, compared to its average volume of 972,652. The company has a market cap of $50.48 million, a price-to-earnings ratio of -1.51 and a beta of 0.75. The firm's fifty day moving average is $1.49 and its 200 day moving average is $2.15. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.44. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10.

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Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. On average, equities analysts anticipate that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPWH shares. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a research report on Wednesday. Roth Mkm reduced their price target on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Wednesday. Finally, B. Riley reiterated a "buy" rating and set a $3.00 price objective (down previously from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sportsman's Warehouse presently has a consensus rating of "Moderate Buy" and an average target price of $2.80.

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.