Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $2.80 Average Price Target from Analysts

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are covering the company, Marketbeat reports. Three research 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. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $2.80.

Several equities analysts have recently commented on SPWH shares. Craig Hallum lowered their target price on shares of Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating on the stock in a report on Wednesday, September 4th. Robert W. Baird cut their price objective on Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Roth Mkm decreased their target price on Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating on the stock in a research report on Tuesday, September 10th. Lake Street Capital cut their price target on Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a report on Wednesday, September 4th. Finally, B. Riley decreased their price objective on Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating on the stock in a report on Wednesday, September 4th.

Insider Buying and Selling

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

Hedge Funds Weigh In On Sportsman's Warehouse

Several institutional investors have recently made changes to their positions in SPWH. Ground Swell Capital LLC bought a new stake in Sportsman's Warehouse during the 3rd quarter valued at $28,000. Abacus Planning Group Inc. purchased a new stake in shares of Sportsman's Warehouse during the third quarter valued at about $55,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman's Warehouse in the 2nd quarter valued at about $40,000. Cubist Systematic Strategies LLC bought a new stake in shares of Sportsman's Warehouse in the 2nd quarter valued at about $384,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sportsman's Warehouse during the 2nd quarter worth approximately $146,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Price Performance

Shares of SPWH traded down $0.01 during trading hours on Friday, reaching $2.60. 99,531 shares of the stock traded hands, compared to its average volume of 326,961. The company has a market cap of $98.41 million, a P/E ratio of -2.86 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. The company's 50-day moving average price is $2.67 and its two-hundred day moving average price is $2.72. Sportsman's Warehouse has a 52-week low of $1.81 and a 52-week high of $5.55.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.05). The business had revenue of $288.73 million during the quarter, compared to the consensus estimate of $284.00 million. Sportsman's Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. On average, analysts anticipate that Sportsman's Warehouse will post -0.74 earnings per share for the current year.

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.