Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Average Recommendation of “Moderate Buy” by Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been given an average rating of “Moderate Buy” by the six brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $3.45.

SPWH has been the subject of several recent research reports. Lake Street Capital upped their price objective on Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research note on Saturday. Finally, Roth Capital upped their price objective on Sportsman’s Warehouse from $3.00 to $4.25 and gave the company a “buy” rating in a research note on Wednesday, July 16th.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock opened at $2.66 on Friday. The business has a 50 day moving average of $2.89 and a 200-day moving average of $2.78. Sportsman’s Warehouse has a 1 year low of $0.92 and a 1 year high of $4.33. 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 company has a market capitalization of $102.22 million, a P/E ratio of -2.71 and a beta of 0.63.

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

Insider Activity at Sportsman’s Warehouse

In related news, Director Michael D. Tucci bought 50,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Friday, October 3rd. The shares were acquired at an average cost of $2.81 per share, for a total transaction of $140,500.00. Following the completion of the acquisition, the director directly owned 73,113 shares of the company’s stock, valued at approximately $205,447.53. The trade was a 216.33% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard D. Mcbee bought 25,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Thursday, October 2nd. The stock was bought at an average price of $2.47 per share, for a total transaction of $61,750.00. Following the completion of the acquisition, the director directly owned 364,886 shares of the company’s stock, valued at $901,268.42. The trade was a 7.36% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 143,279 shares of company stock worth $390,609 over the last ninety days. Insiders own 2.70% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors have recently added to or reduced their stakes in SPWH. Skylands Capital LLC boosted its holdings in Sportsman’s Warehouse by 43.6% in the first quarter. Skylands Capital LLC now owns 384,000 shares of the company’s stock valued at $382,000 after acquiring an additional 116,550 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Sportsman’s Warehouse by 153.2% during the 1st 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 in the last quarter. R Squared Ltd boosted its holdings in shares of Sportsman’s Warehouse by 153.2% during the 1st quarter. R Squared Ltd now owns 31,170 shares of the company’s stock worth $31,000 after buying an additional 18,860 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of Sportsman’s Warehouse by 0.9% during the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company’s stock worth $1,020,000 after buying an additional 9,000 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its holdings in shares of Sportsman’s Warehouse by 4.1% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 768,638 shares of the company’s stock worth $764,000 after buying an additional 30,000 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

About Sportsman’s Warehouse

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.