B. Riley reaffirmed their buy rating on shares of Sportsman's Warehouse (NASDAQ:SPWH - Free Report) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $4.00 price objective on the stock, up from their previous price objective of $3.00. B. Riley also issued estimates for Sportsman's Warehouse's Q3 2026 earnings at $0.10 EPS and Q4 2026 earnings at $0.05 EPS.
SPWH has been the subject of several other research reports. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research note on Wednesday, April 2nd. Roth Mkm decreased their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $3.00.
Check Out Our Latest Report on Sportsman's Warehouse
Sportsman's Warehouse Price Performance
Shares of SPWH stock traded up $0.39 on Wednesday, reaching $3.02. 3,178,930 shares of the company were exchanged, compared to its average volume of 1,014,647. The company has a market cap of $115.72 million, a price-to-earnings ratio of -3.43 and a beta of 0.45. The business has a 50-day moving average price of $1.81 and a 200 day moving average price of $1.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman's Warehouse has a 1 year low of $0.92 and a 1 year high of $3.37.
Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, topping analysts' consensus estimates of ($0.48) by $0.07. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The business had revenue of $249.10 million during the quarter, compared to analysts' expectations of $238.25 million. During the same quarter in the previous year, the company earned ($0.47) earnings per share. Equities research analysts forecast that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal year.
Insider Buying and Selling at Sportsman's Warehouse
In related news, Director Richard D. Mcbee acquired 75,000 shares of the firm's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the acquisition, the director now owns 339,886 shares in the company, valued at $910,894.48. The trade was a 28.31% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Sportsman's Warehouse
A number of hedge funds have recently added to or reduced their stakes in SPWH. Empowered Funds LLC lifted its holdings in Sportsman's Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock worth $338,000 after buying an additional 6,225 shares in the last quarter. Skylands Capital LLC lifted its holdings in Sportsman's Warehouse by 39.8% during the 4th quarter. Skylands Capital LLC now owns 267,450 shares of the company's stock worth $714,000 after buying an additional 76,100 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $806,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sportsman's Warehouse by 302.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,541 shares of the company's stock worth $664,000 after buying an additional 186,723 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in Sportsman's Warehouse by 88.7% during the 4th quarter. American Century Companies Inc. now owns 270,130 shares of the company's stock worth $721,000 after buying an additional 126,995 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.
Sportsman's Warehouse Company Profile
(
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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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