Sportsman's Warehouse (NASDAQ:SPWH) Rating Increased to Hold at StockNews.com

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Saturday.

Several other equities research analysts also recently commented on the company. 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. Robert W. Baird decreased their price objective on shares of 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. Craig Hallum dropped 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. Lake Street Capital cut their target price on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Finally, B. Riley lowered their price target on Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2.80.

Sportsman's Warehouse Stock Down 2.3 %

Sportsman's Warehouse stock traded down $0.05 during mid-day trading on Friday, reaching $2.14. The company's stock had a trading volume of 432,334 shares, compared to its average volume of 444,333. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. Sportsman's Warehouse has a 12 month low of $1.81 and a 12 month high of $5.41. The business's 50 day simple moving average is $2.57 and its 200 day simple moving average is $2.58. The company has a market capitalization of $80.99 million, a price-to-earnings ratio of -2.35 and a beta of 0.66.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results 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 during the quarter, compared to analyst estimates of $284.00 million. As a group, research analysts anticipate that Sportsman's Warehouse will post -0.74 earnings per share for the current year.

Insider Buying and Selling at Sportsman's Warehouse

In other news, Director Richard D. Mcbee bought 20,000 shares of the stock in a transaction dated 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 purchase, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul Stone purchased 39,920 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were purchased at an average cost of $2.54 per share, with a total value 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. The trade was a 4.62 % increase in their position. 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

Institutional investors have recently modified their holdings of the business. SkyView Investment Advisors LLC raised its stake in Sportsman's Warehouse by 5.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company's stock worth $500,000 after purchasing an additional 9,332 shares in the last quarter. Barclays PLC increased its holdings 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 purchasing an additional 38,038 shares during the period. Geode Capital Management LLC raised its position in shares of Sportsman's Warehouse by 2.4% in the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company's stock valued at $1,176,000 after buying an additional 10,058 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Sportsman's Warehouse in the third quarter valued at approximately $107,000. Finally, Jane Street Group LLC grew its position in Sportsman's Warehouse by 16.6% during the third quarter. Jane Street Group LLC now owns 225,473 shares of the company's stock worth $611,000 after buying an additional 32,073 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Company Profile

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.