Sportsman's Warehouse's (SPWH) "Buy" Rating Reiterated at Roth Capital

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Roth Capital in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $3.00 price target on the stock, up from their previous price target of $2.50. Roth Capital's price objective suggests a potential downside of 0.66% from the company's current price. Roth Capital also issued estimates for Sportsman's Warehouse's Q2 2026 earnings at ($0.13) EPS, Q3 2026 earnings at $0.08 EPS, FY2026 earnings at ($0.37) EPS, Q1 2027 earnings at ($0.42) EPS, Q2 2027 earnings at ($0.09) EPS, Q3 2027 earnings at $0.05 EPS, Q4 2027 earnings at $0.26 EPS and FY2027 earnings at ($0.20) EPS.

Several other research analysts have also weighed in on the stock. 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 report on Wednesday, April 2nd. Roth Mkm decreased their price target on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, B. Riley reissued a "buy" rating and issued a $4.00 price objective (up from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $3.00.

Sportsman's Warehouse Stock Up 14.8%

Shares of NASDAQ SPWH traded up $0.39 during midday trading on Wednesday, reaching $3.02. 3,178,930 shares of the company's stock were exchanged, compared to its average volume of 1,014,647. 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 52-week low of $0.92 and a 52-week high of $3.37. The business's fifty day moving average price is $1.81 and its two-hundred day moving average price is $1.87. The stock has a market capitalization of $115.72 million, a PE ratio of -3.43 and a beta of 0.45.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued 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 firm had revenue of $249.10 million during the quarter, compared to analyst estimates of $238.25 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. During the same quarter last year, the firm earned ($0.47) EPS. Analysts forecast that Sportsman's Warehouse will post -0.65 EPS for the current year.

Insider Activity

In related news, Director Richard D. Mcbee purchased 75,000 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were acquired at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the transaction, the director now owns 339,886 shares of the company's stock, valued at $910,894.48. This trade represents a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC boosted its holdings in shares of Sportsman's Warehouse by 146.7% during the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after acquiring an additional 1,387,935 shares during the period. Solas Capital Management LLC lifted its position 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 valued at $1,841,000 after purchasing an additional 744,954 shares during the last quarter. Union Square Park Capital Management LLC lifted its position in Sportsman's Warehouse by 15.0% in the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock valued at $4,489,000 after purchasing an additional 219,210 shares during the last quarter. Marshall Wace LLP boosted its stake in Sportsman's Warehouse by 365.9% during the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after purchasing an additional 945,438 shares during the period. Finally, Gabelli Funds LLC grew its position in Sportsman's Warehouse by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company's stock worth $1,020,000 after purchasing an additional 9,000 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

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.