Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Purchases $201,000.00 in Stock

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) Director Richard D. Mcbee bought 75,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were acquired at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the completion of the acquisition, the director now directly owns 339,886 shares of the company's stock, valued at approximately $910,894.48. This trade represents a 28.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Sportsman's Warehouse Price Performance

Shares of SPWH stock traded up $0.28 on Monday, hitting $3.30. 1,885,428 shares of the company's stock were exchanged, compared to its average volume of 1,018,147. Sportsman's Warehouse Holdings, Inc. has a 12 month low of $0.92 and a 12 month high of $3.37. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The stock has a market cap of $126.45 million, a P/E ratio of -3.75 and a beta of 0.45. The company has a 50 day moving average of $1.84 and a 200 day moving average of $1.88.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, beating analysts' consensus estimates of ($0.48) by $0.07. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The firm had revenue of $249.10 million for the quarter, compared to analyst estimates of $238.25 million. During the same quarter last year, the business posted ($0.47) earnings per share. On average, equities research analysts predict that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on SPWH. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a report on Wednesday, April 2nd. Roth Mkm reduced their price target on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Roth Capital reiterated a "buy" rating and set a $3.00 price target (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Finally, B. Riley reiterated a "buy" rating and set a $4.00 price target (up previously from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $3.00.

Institutional Trading of Sportsman's Warehouse

A number of hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its position in Sportsman's Warehouse by 217.1% in the first quarter. Acadian Asset Management LLC now owns 216,605 shares of the company's stock valued at $214,000 after buying an additional 148,296 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Sportsman's Warehouse by 30.6% in the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company's stock valued at $317,000 after buying an additional 74,601 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Sportsman's Warehouse in the first quarter valued at approximately $715,000. Solas Capital Management LLC lifted its holdings in shares of Sportsman's Warehouse by 67.3% during the first quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company's stock worth $1,841,000 after purchasing an additional 744,954 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Sportsman's Warehouse by 4.1% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 768,638 shares of the company's stock worth $764,000 after purchasing an additional 30,000 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

About Sportsman's Warehouse

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.