Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six brokerages that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $2.80.

SPWH has been the topic of several research 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 on the stock in a research note on Wednesday, September 4th. Lake Street Capital reduced their price objective on Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. B. Riley cut their price target on Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating for the company in a report on Wednesday, September 4th. Robert W. Baird cut their price target on Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. Finally, StockNews.com downgraded Sportsman's Warehouse from a "hold" rating to a "sell" rating in a research note on Friday, November 22nd.

Insiders Place Their Bets

In other news, Director Richard D. Mcbee acquired 20,000 shares of the firm's stock in a transaction that occurred on 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 owns 205,608 shares in the company, valued at $524,300.40. This represents a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Paul Stone bought 39,920 shares of the business's stock in a transaction on Monday, September 9th. The stock was purchased 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 approximately $2,296,558.78. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Sportsman's Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Sportsman's Warehouse during the first quarter worth about $85,000. GSA Capital Partners LLP boosted its holdings in shares of Sportsman's Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company's stock valued at $1,475,000 after buying an additional 473,212 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Sportsman's Warehouse by 32.0% in the 2nd quarter. American Century Companies Inc. now owns 79,426 shares of the company's stock valued at $191,000 after buying an additional 19,237 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman's Warehouse in the first quarter valued at $38,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Sportsman's Warehouse during the second quarter worth $384,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman's Warehouse Stock Down 7.5 %

Shares of SPWH opened at $1.86 on Wednesday. The stock has a 50 day simple moving average of $2.64 and a 200-day simple moving average of $2.60. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07. Sportsman's Warehouse has a 1 year low of $1.81 and a 1 year high of $5.41.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 company had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. As a group, equities research analysts expect that Sportsman's Warehouse will post -0.74 earnings per share for the current fiscal 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.