Sportsman’s Warehouse (NASDAQ:SPWH) Price Target Cut to $3.00 by Analysts at Craig Hallum

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target reduced by Craig Hallum from $4.00 to $3.00 in a report released on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

SPWH has been the topic of several other research reports. Roth Capital upgraded shares of Sportsman’s Warehouse to a strong-buy rating in a research note on Monday, June 3rd. Roth Mkm assumed coverage on Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a buy rating and a $5.00 target price on the stock. Robert W. Baird reduced their price target on Sportsman’s Warehouse from $4.00 to $2.50 and set a neutral rating for the company in a research report on Wednesday. Finally, Lake Street Capital decreased their price objective on Sportsman’s Warehouse from $6.00 to $5.00 and set a buy rating on the stock in a research note on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of $3.10.

Sportsman’s Warehouse Stock Performance

SPWH stock opened at $2.39 on Wednesday. The company has a market cap of $90.22 million, a price-to-earnings ratio of -2.85 and a beta of 0.69. The business’s 50-day moving average is $2.23 and its two-hundred day moving average is $2.87. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $5.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 4th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). The business had revenue of $244.24 million during the quarter, compared to the consensus estimate of $248.36 million. Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. Sportsman’s Warehouse’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.39) EPS. Equities analysts predict that Sportsman’s Warehouse will post -0.24 earnings per share for the current year.

Insider Buying and Selling

In other Sportsman’s Warehouse news, Director Steven W. Sansom acquired 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $2.91 per share, for a total transaction of $29,100.00. Following the completion of the transaction, the director now directly owns 90,000 shares of the company’s stock, valued at $261,900. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds have recently modified their holdings of SPWH. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman’s Warehouse during the 1st quarter valued at about $38,000. Point72 DIFC Ltd purchased a new stake in shares of Sportsman’s Warehouse in the second quarter worth about $40,000. Virtu Financial LLC bought a new position in Sportsman’s Warehouse during the first quarter valued at approximately $85,000. Quadrature Capital Ltd purchased a new position in Sportsman’s Warehouse during the 4th quarter valued at approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Sportsman’s Warehouse in the 2nd quarter worth approximately $146,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.