Sportsman's Warehouse (NASDAQ:SPWH) CEO Buys $20,418.00 in Stock

Key Points

• Sportsman's Warehouse CEO Paul Stone purchased 8,300 shares of stock for a total of $20,418 at an average price of $2.46 per share, increasing his ownership in the company to over 1 million shares.
• The company's stock experienced a 16.1% increase, trading at $2.88 with a market capitalization of approximately $110.68 million.
• Recent institutional investments include new stakes from companies like Vanguard and Prudential Financial, with institutional investors holding 83.04% of the stock.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) CEO Paul Stone acquired 8,300 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The stock was purchased at an average cost of $2.46 per share, with a total value of $20,418.00. Following the purchase, the chief executive officer directly owned 1,050,623 shares in the company, valued at approximately $2,584,532.58. This trade represents a 0.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Paul Stone also recently made the following trade(s):

• On Friday, October 3rd, Paul Stone purchased 59,979 shares of Sportsman's Warehouse stock. The shares were bought at an average price of $2.80 per share, for a total transaction of $167,941.20.

Sportsman's Warehouse Stock Up 16.1%

Shares of SPWH traded up $0.40 during midday trading on Friday, reaching $2.88. 1,021,295 shares of the stock were exchanged, compared to its average volume of 1,235,635. The company has a market cap of $110.68 million, a price-to-earnings ratio of -2.94 and a beta of 0.63. The firm has a 50 day simple moving average of $3.03 and a 200-day simple moving average of $2.58. The company has a quick ratio of 0.06, a current ratio of 1.19 and a debt-to-equity ratio of 0.21. Sportsman's Warehouse Holdings, Inc. 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 released its quarterly earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.12). Sportsman's Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.10%.The company had revenue of $293.90 million during the quarter, compared to the consensus estimate of $291.56 million. Sportsman's Warehouse has set its FY 2025 guidance at EPS. Research analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC bought a new stake in Sportsman's Warehouse in the 2nd quarter valued at approximately $45,000. Dynamic Technology Lab Private Ltd acquired a new position in Sportsman's Warehouse during the second quarter worth $53,000. Prudential Financial Inc. bought a new position in Sportsman's Warehouse in the second quarter valued at $56,000. Stratos Wealth Partners LTD. increased its stake in Sportsman's Warehouse by 50.0% in 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 during the last quarter. Finally, R Squared Ltd lifted its position in Sportsman's Warehouse by 153.2% during the 1st quarter. R Squared Ltd now owns 31,170 shares of the company's stock worth $31,000 after buying an additional 18,860 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SPWH has been the topic of a number of recent research reports. Roth Capital lifted their target price on Sportsman's Warehouse from $3.00 to $4.25 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Weiss Ratings restated a "sell (d-)" rating on shares of Sportsman's Warehouse in a report on Saturday, September 27th. Finally, Lake Street Capital lifted their target price on Sportsman's Warehouse from $3.00 to $3.50 and gave the company a "buy" rating in a research note on Friday, September 5th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $3.45.

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.

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