Lake Street Capital Trims Sportsman’s Warehouse (NASDAQ:SPWH) Target Price to $3.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective cut by Lake Street Capital from $5.00 to $3.00 in a research note published on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

Several other equities research analysts have also weighed in on the stock. Roth Mkm began coverage on shares of Sportsman’s Warehouse in a report on Monday, June 3rd. They issued a buy rating and a $5.00 target price on the stock. Robert W. Baird decreased their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a neutral rating on the stock in a research note on Wednesday. Craig Hallum cut their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a hold rating for the company in a research note on Wednesday. Finally, Roth Capital upgraded Sportsman’s Warehouse to a strong-buy rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and a consensus target price of $3.10.

Sportsman’s Warehouse Price Performance

NASDAQ SPWH opened at $2.39 on Wednesday. Sportsman’s Warehouse has a twelve month low of $1.81 and a twelve month high of $5.55. The stock has a market cap of $90.22 million, a P/E ratio of -2.85 and a beta of 0.67. The company’s 50-day simple moving average is $2.23 and its 200 day simple moving average is $2.87.

Insider Activity

In other news, Director Steven W. Sansom acquired 10,000 shares of Sportsman’s Warehouse stock in a transaction on Wednesday, June 12th. The shares were purchased at an average price of $2.91 per share, with a total value of $29,100.00. Following the acquisition, the director now owns 90,000 shares in the company, valued at $261,900. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in SPWH. CastleKnight Management LP acquired a new stake in Sportsman’s Warehouse in the fourth quarter worth about $384,000. Fund 1 Investments LLC acquired a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $375,000. GSA Capital Partners LLP bought a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth approximately $2,488,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $88,000. Finally, Empowered Funds LLC boosted its stake in Sportsman’s Warehouse by 8.2% in the first quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock valued at $331,000 after acquiring an additional 8,034 shares during the last quarter. 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.