Sportsman's Warehouse (NASDAQ:SPWH) Director Michael Tucci Acquires 50,000 Shares

Key Points

• Director Michael Tucci of Sportsman's Warehouse acquired 50,000 shares of the company's stock for a total of $140,500, significantly increasing his ownership position by 216.33%.
• The company's stock price recently rose to $3.09 with a trading volume significantly above its average, while the stock has a 1-year range from $0.92 to $4.33.
• Analysts have mixed opinions on Sportsman's Warehouse, with one rating it as a "sell" and others giving it "buy" ratings, leading to an average consensus target price of $3.45.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) Director Michael Tucci bought 50,000 shares of Sportsman's Warehouse stock in a transaction that occurred on Friday, October 3rd. The stock was bought at an average price of $2.81 per share, with a total value of $140,500.00. Following the completion of the acquisition, the director owned 73,113 shares in the company, valued at approximately $205,447.53. The trade was a 216.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Sportsman's Warehouse Stock Performance

NASDAQ:SPWH traded up $0.21 during midday trading on Monday, reaching $3.09. The stock had a trading volume of 828,492 shares, compared to its average volume of 565,233. Sportsman's Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $4.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.19 and a quick ratio of 0.06. The stock has a market capitalization of $118.75 million, a P/E ratio of -3.15 and a beta of 0.63. The firm's fifty day simple moving average is $3.02 and its 200-day simple moving average is $2.64.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The company reported ($0.12) EPS for the quarter, meeting analysts' consensus estimates of ($0.12). The business had revenue of $293.90 million during the quarter, compared to analyst estimates of $291.56 million. Sportsman's Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%. Sportsman's Warehouse has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SPWH shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of Sportsman's Warehouse in a research report on Saturday, September 27th. Lake Street Capital raised their target price on shares of Sportsman's Warehouse from $3.00 to $3.50 and gave the stock a "buy" rating in a report on Friday, September 5th. Finally, Roth Capital boosted their price objective 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. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $3.45.

Institutional Trading of Sportsman's Warehouse

Several large investors have recently bought and sold shares of the business. Bank of America Corp DE grew its holdings in shares of Sportsman's Warehouse by 134.3% during the 4th quarter. Bank of America Corp DE now owns 161,347 shares of the company's stock valued at $431,000 after purchasing an additional 92,469 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Sportsman's Warehouse during the fourth quarter worth $716,000. Skylands Capital LLC boosted its holdings in shares of Sportsman's Warehouse by 43.6% during the 1st quarter. Skylands Capital LLC now owns 384,000 shares of the company's stock valued at $382,000 after acquiring an additional 116,550 shares in the last quarter. GSA Capital Partners LLP grew its position in Sportsman's Warehouse by 153.2% during the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock worth $947,000 after acquiring an additional 576,098 shares during the last quarter. Finally, Solas Capital Management LLC increased its holdings in 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 worth $1,841,000 after purchasing an additional 744,954 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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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