Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Rating of "Moderate Buy" from Analysts

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.00.

SPWH has been the topic of a number of analyst reports. B. Riley restated a "buy" rating and set a $4.00 target price (up previously from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Craig Hallum upgraded 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 research report on Wednesday, April 2nd. Roth Capital restated a "buy" rating and set a $3.00 target price (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Finally, Roth Mkm decreased their target price 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.

Insider Buying and Selling at Sportsman's Warehouse

In related news, Director Richard D. Mcbee purchased 75,000 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were bought at an average price of $2.68 per share, for a total transaction of $201,000.00. Following the acquisition, the director directly owned 339,886 shares in the company, valued at $910,894.48. This trade represents a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this link. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sportsman's Warehouse

A number of hedge funds have recently made changes to their positions in the stock. Portolan Capital Management LLC raised its stake in shares of Sportsman's Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after acquiring an additional 1,387,935 shares during the period. Marshall Wace LLP raised its stake in shares of Sportsman's Warehouse by 365.9% in the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after acquiring an additional 945,438 shares during the period. Solas Capital Management LLC raised its stake in shares of Sportsman's Warehouse by 67.3% in the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company's stock valued at $1,841,000 after acquiring an additional 744,954 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Sportsman's Warehouse in the 1st quarter valued at $715,000. Finally, GSA Capital Partners LLP raised its stake in shares of Sportsman's Warehouse by 153.2% in the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock valued at $947,000 after acquiring an additional 576,098 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Sportsman's Warehouse Price Performance

Shares of SPWH stock traded up $0.11 during trading hours on Friday, hitting $3.54. The company's stock had a trading volume of 866,546 shares, compared to its average volume of 1,044,065. The business has a fifty day moving average of $2.81 and a 200-day moving average of $2.09. The stock has a market cap of $135.65 million, a price-to-earnings ratio of -3.69 and a beta of 0.67. Sportsman's Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33. The company has a current ratio of 1.17, a quick ratio of 0.08 and a debt-to-equity ratio of 0.11.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.48) by $0.07. Sportsman's Warehouse had a negative net margin of 3.01% and a negative return on equity of 7.65%. 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 earned ($0.47) earnings per share. As a group, equities research analysts anticipate that Sportsman's Warehouse will post -0.65 EPS for the current year.

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.