Analysts Set Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Price Target at $3.45

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has received an average rating of “Moderate Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $3.45.

Several research firms recently weighed in on SPWH. Lake Street Capital upped their price objective on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research report on Wednesday, October 8th. Finally, Roth Capital upped their price objective on shares of Sportsman’s Warehouse from $3.00 to $4.25 and gave the stock a “buy” rating in a research report on Wednesday, July 16th.

Sportsman’s Warehouse Trading Up 2.7%

Shares of SPWH opened at $2.71 on Friday. The business’s 50-day moving average price is $2.89 and its 200-day moving average price is $2.76. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $4.33. The stock has a market cap of $104.15 million, a PE ratio of -2.77 and a beta of 0.63. The company has a quick ratio of 0.06, a current ratio of 1.19 and a debt-to-equity ratio of 0.21.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share 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 firm had revenue of $293.90 million for the quarter, compared to analysts’ expectations of $291.56 million. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael D. Tucci acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were bought at an average cost of $2.81 per share, for a total transaction of $140,500.00. Following the completion of the transaction, the director owned 73,113 shares in the company, valued at approximately $205,447.53. This trade represents a 216.33% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. Mcbee acquired 25,000 shares of the firm’s 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 transaction, the director owned 364,886 shares of the company’s stock, valued at $901,268.42. The trade was a 7.36% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 143,279 shares of company stock worth $390,609. Insiders own 2.70% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

Hedge funds and other institutional investors have recently bought and sold shares of the company. R Squared Ltd boosted its stake in Sportsman’s Warehouse by 153.2% in the first 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. Vanguard Personalized Indexing Management LLC purchased a new stake in Sportsman’s Warehouse in the second quarter worth approximately $45,000. Dynamic Technology Lab Private Ltd purchased a new stake in Sportsman’s Warehouse in the second quarter worth approximately $53,000. Prudential Financial Inc. purchased a new stake in Sportsman’s Warehouse in the second quarter worth approximately $56,000. Finally, Stratos Wealth Partners LTD. boosted its stake in Sportsman’s Warehouse by 50.0% in the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock worth $62,000 after buying an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.