Sportsman’s Warehouse (NASDAQ:SPWH) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research report released on Friday.

A number of other analysts have also recently weighed in on SPWH. Craig Hallum dropped their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. B. Riley dropped their target price on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird dropped their target price on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Lake Street Capital lowered their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, September 4th. Finally, Roth Mkm lowered their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.80.

Sportsman’s Warehouse Trading Down 2.0 %

Shares of SPWH stock opened at $2.00 on Friday. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $5.41. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company’s fifty day moving average price is $2.68 and its two-hundred day moving average price is $2.63.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $288.73 million during the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. On average, research analysts anticipate that Sportsman’s Warehouse will post -0.74 earnings per share for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Richard D. Mcbee acquired 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. This trade represents a 10.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Paul Stone acquired 39,920 shares of Sportsman’s Warehouse stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently made changes to their positions in SPWH. Ground Swell Capital LLC bought a new position in shares of Sportsman’s Warehouse during the 3rd quarter valued at about $28,000. State Board of Administration of Florida Retirement System purchased a new stake in Sportsman’s Warehouse during the first quarter valued at about $38,000. Point72 DIFC Ltd purchased a new stake in Sportsman’s Warehouse during the second quarter valued at about $40,000. Abacus Planning Group Inc. purchased a new stake in Sportsman’s Warehouse during the third quarter valued at about $55,000. Finally, Virtu Financial LLC purchased a new stake in Sportsman’s Warehouse during the first quarter valued at about $85,000. Institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

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.