Sportsman's Warehouse (NASDAQ:SPWH) Director Richard Mcbee Purchases 25,000 Shares

Key Points

• Richard Mcbee, a director at Sportsman's Warehouse, purchased 25,000 shares of the company's stock for a total value of $61,750, increasing his ownership to 364,886 shares.
• The company's shares traded at $2.48, with a market capitalization of $95.31 million, while the stock has a one-year range from $0.92 to $4.33.
• Sportsman's Warehouse reported (-$0.12) earnings per share for the last quarter, meeting consensus estimates, and has received positive ratings, with an average target price of $3.45 from analysts.

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) Director Richard Mcbee purchased 25,000 shares of Sportsman's Warehouse stock in a transaction dated Thursday, October 2nd. The stock was bought at an average price of $2.47 per share, with a total value of $61,750.00. Following the completion of the transaction, the director owned 364,886 shares of the company's stock, valued at $901,268.42. This represents a 7.36% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Sportsman's Warehouse Trading Down 1.6%

SPWH stock traded down $0.04 during trading on Thursday, hitting $2.48. 1,059,591 shares of the company traded hands, compared to its average volume of 630,375. 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 quick ratio of 0.06 and a current ratio of 1.19. The firm has a market capitalization of $95.31 million, a PE ratio of -2.53 and a beta of 0.63. The company has a 50-day moving average of $3.03 and a 200-day moving average of $2.58.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $291.56 million. Sportsman's Warehouse has set its FY 2025 guidance at EPS. Analysts predict that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Sportsman's Warehouse in the second quarter worth $45,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sportsman's Warehouse in the 2nd quarter valued at approximately $53,000. Prudential Financial Inc. acquired a new stake in shares of Sportsman's Warehouse in the 2nd quarter valued at approximately $56,000. Stratos Wealth Partners LTD. raised its holdings in Sportsman's Warehouse by 50.0% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company's stock worth $62,000 after buying an additional 6,000 shares during the period. Finally, R Squared Ltd grew its stake in shares of 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 acquiring an additional 18,860 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SPWH has been the topic of several analyst reports. B. Riley reaffirmed a "buy" rating and set a $4.00 price target (up previously from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Lake Street Capital upped their price objective on shares of Sportsman's Warehouse from $3.00 to $3.50 and gave the company a "buy" rating in a research note on Friday, September 5th. Finally, Roth Capital increased their price target 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. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, Sportsman's Warehouse currently has a consensus rating of "Buy" and an average target price 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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