Analysts Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Target Price at $2.80

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $2.80.

SPWH has been the subject of a number of research analyst reports. Roth Mkm cut 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 report on Tuesday, September 10th. Lake Street Capital dropped their target price on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Craig Hallum decreased their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Roth Capital upgraded Sportsman’s Warehouse to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Robert W. Baird decreased their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th.

Sportsman’s Warehouse Trading Up 4.6 %

Shares of SPWH stock opened at $3.17 on Friday. The business’s fifty day moving average price is $2.34 and its 200 day moving average price is $2.82. The firm has a market capitalization of $119.98 million, a PE ratio of -3.77 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07. Sportsman’s Warehouse has a 1-year low of $1.81 and a 1-year high of $5.55.

Insider Buying and Selling

In related news, CEO Paul Stone purchased 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Richard D. Mcbee bought 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the director now owns 205,608 shares in the company, valued at $524,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul Stone purchased 39,920 shares of Sportsman’s Warehouse stock in a transaction on Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the purchase, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System purchased a new stake in Sportsman’s Warehouse in the 1st quarter valued at about $38,000. Point72 DIFC Ltd acquired a new stake in shares of Sportsman’s Warehouse in the second quarter worth approximately $40,000. Virtu Financial LLC purchased a new stake in Sportsman’s Warehouse in the first quarter valued at approximately $85,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse during the fourth quarter worth approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Sportsman’s Warehouse during the second quarter worth approximately $146,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.