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

Key Points

• Sportsman's Warehouse Holdings, Inc. has received a consensus rating of "Moderate Buy" from six brokerages, with an average 12-month price objective of $3.45.
• Insiders have been active in purchasing shares, with CEO Paul Stone acquiring 59,979 shares and Director Richard D. Mcbee purchasing 25,000 shares, reflecting confidence in the company's performance.
• Institutional investors have significantly increased their holdings in Sportsman's Warehouse, with 83.04% of the stock now owned by these entities, indicating strong institutional interest.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) has earned an average recommendation of "Moderate Buy" from the six ratings firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $3.45.

A number of analysts have issued reports on the stock. Lake Street Capital lifted their target price on shares of Sportsman's Warehouse from $3.00 to $3.50 and gave the company a "buy" rating in a research note on Friday, September 5th. Roth Capital lifted their target price on shares of Sportsman's Warehouse from $3.00 to $4.25 and gave the company a "buy" rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Sportsman's Warehouse in a research note on Wednesday, October 8th.

Insider Transactions at Sportsman's Warehouse

In other news, CEO Paul Stone acquired 59,979 shares of Sportsman's Warehouse stock in a transaction dated Friday, October 3rd. The stock was acquired at an average cost of $2.80 per share, for a total transaction of $167,941.20. Following the completion of the purchase, the chief executive officer owned 1,110,602 shares of the company's stock, valued at $3,109,685.60. This represents a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Mcbee acquired 25,000 shares of Sportsman's Warehouse stock in a transaction dated Thursday, October 2nd. The stock was purchased at an average price of $2.47 per share, with a total value of $61,750.00. Following the completion of the purchase, the director directly owned 364,886 shares of the company's stock, valued at $901,268.42. The trade was a 7.36% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders bought 143,279 shares of company stock worth $390,609. 2.70% of the stock is owned by insiders.

Institutional Trading of Sportsman's Warehouse

A number of institutional investors and hedge funds have recently modified their holdings of the company. Manatuck Hill Partners LLC acquired a new stake in shares of Sportsman's Warehouse in the second quarter worth $1,229,000. BNP Paribas Financial Markets increased its position in Sportsman's Warehouse by 165.3% during the second quarter. BNP Paribas Financial Markets now owns 57,167 shares of the company's stock worth $197,000 after acquiring an additional 35,621 shares during the period. Bank of America Corp DE increased its position in Sportsman's Warehouse by 70.6% during the second quarter. Bank of America Corp DE now owns 286,712 shares of the company's stock worth $989,000 after acquiring an additional 118,666 shares during the period. Jane Street Group LLC increased its position in Sportsman's Warehouse by 37.9% during the second quarter. Jane Street Group LLC now owns 102,328 shares of the company's stock worth $353,000 after acquiring an additional 28,100 shares during the period. Finally, Raymond James Financial Inc. increased its position in Sportsman's Warehouse by 89.5% during the second quarter. Raymond James Financial Inc. now owns 567,386 shares of the company's stock worth $1,957,000 after acquiring an additional 267,995 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman's Warehouse Price Performance

NASDAQ SPWH opened at $2.80 on Friday. The company has a quick ratio of 0.06, a current ratio of 1.19 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $107.61 million, a PE ratio of -2.86 and a beta of 0.63. The company has a 50 day moving average price of $2.92 and a two-hundred day moving average price of $2.74. Sportsman's Warehouse has a 12-month low of $0.92 and a 12-month high of $4.33.

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

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.

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