Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Director Richard D. Mcbee Acquires 75,000 Shares

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) Director Richard D. Mcbee purchased 75,000 shares of the company's stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average price of $2.68 per share, for a total transaction of $201,000.00. Following the purchase, the director now directly owns 339,886 shares in the company, valued at $910,894.48. The trade was a 28.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Sportsman's Warehouse Price Performance

Shares of SPWH traded up $0.39 during mid-day trading on Friday, hitting $3.02. The company's stock had a trading volume of 3,178,930 shares, compared to its average volume of 1,012,477. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $1.81 and a 200 day simple moving average of $1.87. The firm has a market capitalization of $115.63 million, a P/E ratio of -3.43 and a beta of 0.55. Sportsman's Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $3.36.

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SPWH shares. Roth Capital reaffirmed a "buy" rating and set a $3.00 price objective (up from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research report on Wednesday, April 2nd. B. Riley reaffirmed a "buy" rating and set a $4.00 price objective (up from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday. Finally, Roth Mkm decreased their price objective on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Sportsman's Warehouse has an average rating of "Moderate Buy" and an average price target of $3.00.

Hedge Funds Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently bought and sold shares of SPWH. R Squared Ltd raised its holdings in Sportsman's Warehouse by 153.2% during the first quarter. R Squared Ltd now owns 31,170 shares of the company's stock worth $31,000 after purchasing an additional 18,860 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in Sportsman's Warehouse during the fourth quarter worth $33,000. Mink Brook Asset Management LLC acquired a new position in Sportsman's Warehouse during the fourth quarter worth $41,000. Greenwood Gearhart Inc. acquired a new position in Sportsman's Warehouse during the fourth quarter worth $85,000. Finally, U S Wealth Group LLC. acquired a new position in Sportsman's Warehouse during the fourth quarter worth $138,000. 83.04% of the stock is owned by institutional investors and hedge funds.

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.