Sportsman’s Warehouse (NASDAQ:SPWH) CEO Acquires 59,979 Shares

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) CEO Paul Stone bought 59,979 shares of Sportsman’s Warehouse stock in a transaction dated Friday, October 3rd. The stock was purchased at an average cost of $2.80 per share, for a total transaction of $167,941.20. Following the purchase, the chief executive officer owned 1,110,602 shares of the company’s stock, valued at approximately $3,109,685.60. This trade represents a 5.71% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, October 2nd, Paul Stone purchased 8,300 shares of Sportsman’s Warehouse stock. The shares were purchased at an average price of $2.46 per share, for a total transaction of $20,418.00.

Sportsman’s Warehouse Stock Up 16.1%

Shares of NASDAQ:SPWH opened at $2.88 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.19 and a quick ratio of 0.06. The business has a 50 day simple moving average of $3.02 and a two-hundred day simple moving average of $2.62. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.33. 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 data on Thursday, September 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The company had revenue of $293.90 million during the quarter, compared to analysts’ expectations of $291.56 million. Sportsman’s Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.10%. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. On average, equities analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its position in shares of Sportsman’s Warehouse by 245.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock valued at $3,736,000 after purchasing an additional 769,051 shares during the last quarter. Solas Capital Management LLC increased its stake in Sportsman’s Warehouse by 67.3% during the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock valued at $1,841,000 after purchasing an additional 744,954 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Sportsman’s Warehouse in the first quarter worth $715,000. GSA Capital Partners LLP lifted its stake in shares of Sportsman’s Warehouse by 153.2% during the first quarter. GSA Capital Partners LLP now owns 952,178 shares of the company’s stock worth $947,000 after buying an additional 576,098 shares during the period. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of Sportsman’s Warehouse during the second quarter valued at $1,796,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

SPWH has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research note on Saturday, September 27th. Lake Street Capital lifted their price target 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. Finally, Roth Capital boosted their price target on Sportsman’s Warehouse from $3.00 to $4.25 and gave the company a “buy” rating in a report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.