Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives $3.21 Consensus Target Price from Analysts

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 given a consensus rating of "Moderate Buy" by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.2083.

A number of equities analysts recently weighed in on the company. B. Riley reaffirmed a "buy" rating and issued a $4.00 price target (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Roth Capital raised their target price on shares of Sportsman's Warehouse from $3.00 to $4.25 and gave the stock a "buy" rating in a research note on Wednesday, July 16th.

Insider Activity

In other Sportsman's Warehouse news, Director Richard D. Mcbee purchased 75,000 shares of Sportsman's Warehouse stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $2.68 per share, with a total value of $201,000.00. Following the completion of the transaction, the director owned 339,886 shares of the company's stock, valued at $910,894.48. This trade represents a 28.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company's stock.

Hedge Funds Weigh In On Sportsman's Warehouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Portolan Capital Management LLC raised its stake in shares of Sportsman's Warehouse by 146.7% in the fourth 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 in the last quarter. Marshall Wace LLP raised its position in 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 purchasing an additional 945,438 shares in the last quarter. Solas Capital Management LLC boosted 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 buying an additional 744,954 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Sportsman's Warehouse during the first quarter worth about $715,000. Finally, GSA Capital Partners LLP increased its stake in shares of Sportsman's Warehouse by 153.2% during the first quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock worth $947,000 after buying an additional 576,098 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Trading Down 2.6%

SPWH stock traded down $0.10 during midday trading on Tuesday, reaching $3.55. 159,950 shares of the company traded hands, compared to its average volume of 1,420,803. The firm has a market capitalization of $135.84 million, a price-to-earnings ratio of -3.70 and a beta of 0.63. The business has a 50 day moving average of $3.40 and a 200-day moving average of $2.24. Sportsman's Warehouse has a 52-week low of $0.92 and a 52-week high of $4.33. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.08 and a current ratio of 1.17.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.48) by $0.07. The company had revenue of $249.10 million during the quarter, compared to analysts' expectations of $238.25 million. Sportsman's Warehouse had a negative net margin of 3.01% and a negative return on equity of 7.65%. During the same period in the previous year, the company earned ($0.47) EPS. As a group, sell-side analysts expect that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal 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.