Analysts Set Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Target Price at $2.80

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2.80.

SPWH has been the subject of several recent analyst reports. Craig Hallum decreased their price objective on shares of Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating for the company in a report on Wednesday, September 4th. B. Riley decreased their price target on 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. 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 report on Tuesday, September 10th. Lake Street Capital reduced their price objective on shares of 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. Finally, Robert W. Baird cut 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.

Sportsman's Warehouse Stock Performance

NASDAQ SPWH traded up $0.18 during trading hours on Tuesday, hitting $3.06. The company had a trading volume of 222,882 shares, compared to its average volume of 460,781. The business has a fifty day simple moving average of $2.42 and a 200-day simple moving average of $2.77. The firm has a market cap of $115.51 million, a P/E ratio of -3.64 and a beta of 0.67. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. Sportsman's Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.55.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced 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). Sportsman's Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. The firm had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Equities analysts predict that Sportsman's Warehouse will post -0.74 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Paul Stone purchased 39,920 shares of the stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now directly owns 904,157 shares in the company, valued at approximately $2,296,558.78. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Sportsman's Warehouse news, CEO Paul Stone purchased 39,920 shares of the company's stock in a transaction dated Monday, September 9th. The shares were bought at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the purchase, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard D. Mcbee bought 20,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director now owns 205,608 shares of the company's stock, valued at approximately $524,300.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Sportsman's Warehouse

Hedge funds have recently bought and sold shares of the company. Fund 1 Investments LLC bought a new position in shares of Sportsman's Warehouse in the fourth quarter worth about $375,000. GSA Capital Partners LLP acquired a new position in shares of Sportsman's Warehouse during the fourth quarter worth approximately $2,488,000. Quadrature Capital Ltd bought a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $88,000. Empowered Funds LLC grew its stake in shares of Sportsman's Warehouse by 8.2% in the first quarter. Empowered Funds LLC now owns 106,328 shares of the company's stock worth $331,000 after acquiring an additional 8,034 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new stake in Sportsman's Warehouse in the 1st quarter valued at $38,000. 83.04% of the stock is currently owned by institutional investors.

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.