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

Key Points

• Sportsman's Warehouse Holdings, Inc. has received a consensus rating of "Moderate Buy" from six brokerages covering the stock, with an average 12-month price target of $3.2083.
• The firm recently reported a quarterly loss of ($0.41) per share, which was better than the expected loss of ($0.48), with revenues of $249.10 million.
• Director Richard D. Mcbee acquired 75,000 shares at an average price of $2.68 per share, increasing their ownership stake by 28.31%.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $3.2083.

Several research firms recently commented on SPWH. Roth Capital raised their price objective on shares of Sportsman's Warehouse from $3.00 to $4.25 and gave the stock a "buy" rating in a report on Wednesday, July 16th. B. Riley reaffirmed a "buy" rating and issued a $4.00 price objective (up from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th.

Sportsman's Warehouse Stock Up 3.7%

Sportsman's Warehouse stock opened at $3.39 on Tuesday. Sportsman's Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33. The firm has a 50 day moving average price of $3.30 and a 200-day moving average price of $2.21. The company has a market capitalization of $129.90 million, a P/E ratio of -3.53 and a beta of 0.63. The company has a quick ratio of 0.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.11.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released 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 3.01% and a negative return on equity of 7.65%. The firm had revenue of $249.10 million during the quarter, compared to the consensus estimate of $238.25 million. During the same period in the prior year, the firm earned ($0.47) EPS. As a group, equities analysts predict that Sportsman's Warehouse will post -0.65 EPS for the current year.

Insider Buying and Selling

In other news, Director Richard D. Mcbee purchased 75,000 shares of the business's stock in a transaction on Thursday, June 5th. The stock was purchased at an average cost of $2.68 per share, with a total value of $201,000.00. Following the acquisition, the director directly owned 339,886 shares in the company, valued at approximately $910,894.48. This trade represents a 28.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Sportsman's Warehouse

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. raised its position in shares of Sportsman's Warehouse by 50.0% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company's stock valued at $62,000 after buying an additional 6,000 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Sportsman's Warehouse by 1.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock valued at $1,482,000 after buying an additional 6,972 shares in the last quarter. Gabelli Funds LLC raised its position in shares of Sportsman's Warehouse by 0.9% during the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company's stock valued at $1,020,000 after buying an additional 9,000 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in shares of Sportsman's Warehouse during the 4th quarter valued at $33,000. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Sportsman's Warehouse during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors 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.

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