Weiss Ratings Reiterates "Sell (D-)" Rating for Sportsman's Warehouse (NASDAQ:SPWH)

Key Points

• Weiss Ratings has reiterated a "sell (D-)" rating for Sportsman's Warehouse, indicating concerns about the company's financial performance.
• The average rating for Sportsman's Warehouse among analysts is "Moderate Buy," with a consensus target price of $3.45.
• Insider transactions have seen CEO Paul Stone and Director Richard D. Mcbee increase their ownership in the company, with recent purchases totaling over $229,000.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report)'s stock had its "sell (d-)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

SPWH has been the topic of several other research reports. Lake Street Capital lifted their price objective on Sportsman's Warehouse from $3.00 to $3.50 and gave the company a "buy" rating in a report on Friday, September 5th. Roth Capital lifted their target price on 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 given a Sell rating to the stock. According to data from MarketBeat.com, Sportsman's Warehouse currently has an average rating of "Moderate Buy" and a consensus target price of $3.45.

Sportsman's Warehouse Trading Down 3.4%

NASDAQ:SPWH opened at $3.08 on Wednesday. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week 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 $118.36 million, a PE ratio of -3.14 and a beta of 0.63. The business's 50-day simple moving average is $3.01 and its 200-day simple moving average is $2.64.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data 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 business had revenue of $293.90 million for the quarter, compared to analysts' expectations of $291.56 million. Sportsman's Warehouse has set its FY 2025 guidance at EPS. Sell-side analysts expect that Sportsman's Warehouse will post -0.65 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Paul Stone purchased 59,979 shares of the stock in a transaction on Friday, October 3rd. The shares were purchased at an average price of $2.80 per share, with a total value of $167,941.20. Following the transaction, the chief executive officer directly owned 1,110,602 shares of the company's stock, valued at $3,109,685.60. This trade represents a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Richard D. Mcbee purchased 25,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were bought at an average cost of $2.47 per share, for a total transaction of $61,750.00. Following the transaction, the director directly owned 364,886 shares in the company, valued at approximately $901,268.42. The trade was a 7.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 143,279 shares of company stock valued at $390,609 in the last 90 days. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Sportsman's Warehouse during the 2nd quarter worth approximately $45,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sportsman's Warehouse during the 2nd quarter worth approximately $53,000. Prudential Financial Inc. acquired a new position in shares of Sportsman's Warehouse during the 2nd quarter worth approximately $56,000. Stratos Wealth Partners LTD. increased its holdings in shares of 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 acquiring an additional 6,000 shares during the last quarter. Finally, R Squared Ltd increased its holdings 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 during 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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