Insider Buying: Sportsman's Warehouse (NASDAQ:SPWH) CEO Buys 59,979 Shares of Stock

Key Points

• CEO Paul Stone of Sportsman's Warehouse purchased 59,979 shares of stock at $2.80 per share, totaling approximately $167,941, increasing his ownership by 5.71%.
• Sportsman's Warehouse stock experienced a 16.1% increase in value, trading at $2.88 per share following the CEO's purchase.
• Brokerages generally maintain a "Moderate Buy" consensus rating for Sportsman's Warehouse, with a price target average of $3.45.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) CEO Paul Stone bought 59,979 shares of Sportsman's Warehouse stock in a transaction on Friday, October 3rd. The shares were acquired at an average price of $2.80 per share, for a total transaction of $167,941.20. Following the completion of the acquisition, the chief executive officer owned 1,110,602 shares in the company, valued at $3,109,685.60. This represents a 5.71% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Paul Stone also recently made the following trade(s):

• On Thursday, October 2nd, Paul Stone purchased 8,300 shares of Sportsman's Warehouse stock. The stock was acquired at an average price of $2.46 per share, with a total value of $20,418.00.

Sportsman's Warehouse Stock Up 16.1%

Shares of Sportsman's Warehouse stock traded up $0.40 during trading hours on Friday, reaching $2.88. 1,021,295 shares of the company were exchanged, compared to its average volume of 1,235,635. The firm has a market cap of $110.68 million, a PE ratio of -2.94 and a beta of 0.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.19. Sportsman's Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.33. The stock's fifty day moving average is $3.03 and its 200 day moving average is $2.58.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported ($0.12) EPS for the quarter, hitting the consensus estimate of ($0.12). Sportsman's Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.10%.The firm had revenue of $293.90 million during the quarter, compared to analysts' expectations of $291.56 million. Sportsman's Warehouse has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on SPWH. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Sportsman's Warehouse in a report on Saturday, September 27th. Roth Capital raised their price objective on shares of Sportsman's Warehouse from $3.00 to $4.25 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Lake Street Capital boosted their target price on shares of Sportsman's Warehouse from $3.00 to $3.50 and gave the stock a "buy" rating in a research note on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell 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 $3.45.

Hedge Funds Weigh In On Sportsman's Warehouse

Several hedge funds have recently made changes to their positions in SPWH. Teton Advisors Inc. boosted its stake in Sportsman's Warehouse by 7.4% during the 2nd quarter. Teton Advisors Inc. now owns 65,500 shares of the company's stock worth $226,000 after purchasing an additional 4,500 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of Sportsman's Warehouse by 50.0% during the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company's stock worth $62,000 after buying an additional 6,000 shares during the last quarter. Gabelli Funds LLC increased its position in Sportsman's Warehouse by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company's stock valued at $1,020,000 after acquiring an additional 9,000 shares during the period. Gamco Investors INC. ET AL raised its stake in Sportsman's Warehouse by 2.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 541,000 shares of the company's stock valued at $1,866,000 after acquiring an additional 11,294 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Sportsman's Warehouse during the 2nd quarter worth approximately $45,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.