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

Key Points

• Analysts have rated Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) with a consensus recommendation of “Moderate Buy”, with one hold and five buy ratings, and an average price target of $3.21.
• The company recently reported quarterly earnings, beating consensus estimates with revenues of $249.10 million and an EPS of ($0.41), although it had a negative net margin of -3.01%.
• Insider trading activity is notable, with Director Richard D. Mcbee purchasing 75,000 shares at an average price of $2.68, increasing his ownership in the company significantly.

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) have received a consensus rating of "Moderate Buy" from the six research firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $3.2083.

A number of brokerages have recently issued reports on SPWH. B. Riley restated 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, June 4th. Roth Capital increased 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 report on Wednesday, July 16th.

Sportsman's Warehouse Trading Down 3.6%

Shares of NASDAQ SPWH traded down $0.10 during midday trading on Friday, reaching $2.68. 233,428 shares of the company were exchanged, compared to its average volume of 325,503. 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 has a one year low of $0.92 and a one year high of $4.33. The stock's 50-day moving average price is $3.28 and its 200-day moving average price is $2.35.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $249.10 million during the quarter, compared to the consensus estimate of $238.25 million. Sportsman's Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.01%.During the same period in the prior year, the business posted ($0.47) earnings per share. Sportsman's Warehouse has set its FY 2025 guidance at EPS. As a group, research analysts predict that Sportsman's Warehouse will post -0.65 EPS for the current year.

Insiders Place Their Bets

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

Institutional Trading of Sportsman's Warehouse

A number of institutional investors have recently bought and sold shares of the company. Manatuck Hill Partners LLC bought a new stake in Sportsman's Warehouse during the second quarter valued at $1,229,000. BNP Paribas Financial Markets boosted 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 valued at $197,000 after acquiring an additional 35,621 shares during the last quarter. Bank of America Corp DE boosted 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 valued at $989,000 after acquiring an additional 118,666 shares during the last quarter. Jane Street Group LLC boosted 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 valued at $353,000 after acquiring an additional 28,100 shares during the last quarter. Finally, Raymond James Financial Inc. boosted 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 valued at $1,957,000 after acquiring an additional 267,995 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

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.