Paul Stone Buys 8,300 Shares of Sportsman’s Warehouse (NASDAQ:SPWH) Stock

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) CEO Paul Stone purchased 8,300 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was acquired at an average cost of $2.46 per share, with a total value of $20,418.00. Following the completion of the acquisition, the chief executive officer directly owned 1,050,623 shares in the company, valued at approximately $2,584,532.58. This trade represents a 0.80% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Paul Stone also recently made the following trade(s):

• On Friday, October 3rd, Paul Stone purchased 59,979 shares of Sportsman’s Warehouse stock. The stock was acquired at an average cost of $2.80 per share, with a total value of $167,941.20.

Sportsman’s Warehouse Trading Up 16.1%

NASDAQ SPWH opened at $2.88 on Friday. Sportsman’s Warehouse Holdings, Inc. has a one year low of $0.92 and a one year high of $4.33. The company has a 50-day simple moving average of $3.02 and a 200-day simple moving average of $2.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.19. The firm has a market capitalization of $110.68 million, a PE ratio of -2.94 and a beta of 0.63.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.12) EPS for the quarter, meeting the consensus estimate of ($0.12). The business had revenue of $293.90 million during the quarter, compared to analyst estimates of $291.56 million. Sportsman’s Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Institutional Trading of Sportsman’s Warehouse

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd lifted its stake in shares of Sportsman’s Warehouse by 153.2% in 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 period. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $45,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $53,000. Prudential Financial Inc. bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $56,000. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Sportsman’s Warehouse by 50.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock worth $62,000 after purchasing an additional 6,000 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research note on Saturday, September 27th. Roth Capital boosted their target price on shares of Sportsman’s Warehouse from $3.00 to $4.25 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Lake Street Capital boosted their target price on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.45.

Sportsman’s Warehouse Company Profile

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.