Sportsman's Warehouse Sees Unusually High Options Volume (NASDAQ:SPWH)

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

Sportsman's Warehouse Trading Up 25.2 %

SPWH stock traded up $0.34 during trading on Monday, reaching $1.67. 2,381,519 shares of the stock were exchanged, compared to its average volume of 2,388,812. Sportsman's Warehouse has a 1 year low of $0.92 and a 1 year high of $4.44. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average price of $1.49 and a 200-day moving average price of $2.14. The firm has a market capitalization of $63.20 million, a price-to-earnings ratio of -1.89 and a beta of 0.75.

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

Analysts Set New Price Targets

SPWH has been the subject of several recent research reports. B. Riley reiterated a "buy" rating and issued a $3.00 price objective (down previously from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. Roth Mkm decreased their target price on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sportsman's Warehouse presently has a consensus rating of "Moderate Buy" and an average target price of $2.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. R Squared Ltd acquired a new position in Sportsman's Warehouse in the 4th quarter valued at about $33,000. Balyasny Asset Management L.P. purchased a new stake in Sportsman's Warehouse during the 4th quarter worth $33,000. Mink Brook Asset Management LLC acquired a new position in shares of Sportsman's Warehouse in the fourth quarter worth about $41,000. Greenwood Gearhart Inc. acquired a new stake in shares of Sportsman's Warehouse during the fourth quarter worth approximately $85,000. Finally, Barclays PLC increased its position in shares of 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 during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.