Robert W. Baird Cuts Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $2.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target decreased by research analysts at Robert W. Baird from $3.50 to $2.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s target price would indicate a potential downside of 18.37% from the company’s previous close.

SPWH has been the subject of several other research reports. Lake Street Capital boosted 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 (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.21.

Sportsman’s Warehouse Trading Up 1.7%

Shares of SPWH opened at $2.45 on Friday. 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 company has a market cap of $94.15 million, a price-to-earnings ratio of -2.50 and a beta of 0.60. The stock has a fifty day moving average price of $2.46 and a two-hundred day moving average price of $2.88. Sportsman’s Warehouse has a 52-week low of $0.92 and a 52-week high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, December 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The business had revenue of $331.32 million during the quarter, compared to analyst estimates of $331.11 million. Sportsman’s Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%. Analysts predict that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Paul Stone acquired 59,979 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was acquired at an average price of $2.80 per share, for a total transaction of $167,941.20. Following the completion of the acquisition, the chief executive officer owned 1,110,602 shares of the company’s stock, valued at $3,109,685.60. This trade represents a 5.71% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael D. Tucci bought 50,000 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was bought at an average cost of $2.81 per share, for a total transaction of $140,500.00. Following the purchase, the director directly owned 73,113 shares of the company’s stock, valued at approximately $205,447.53. This trade represents a 216.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 143,279 shares of company stock valued at $390,609 over the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently bought and sold shares of the company. Mink Brook Asset Management LLC boosted its position in shares of Sportsman’s Warehouse by 1,448.2% during the third quarter. Mink Brook Asset Management LLC now owns 238,144 shares of the company’s stock worth $660,000 after purchasing an additional 222,762 shares in the last quarter. Centiva Capital LP acquired a new stake in Sportsman’s Warehouse during the 3rd quarter worth $63,000. Two Sigma Investments LP lifted its holdings in Sportsman’s Warehouse by 7.4% during the third quarter. Two Sigma Investments LP now owns 587,674 shares of the company’s stock worth $1,628,000 after acquiring an additional 40,492 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in Sportsman’s Warehouse by 124.3% during the third quarter. Bridgeway Capital Management LLC now owns 486,036 shares of the company’s stock worth $1,346,000 after acquiring an additional 269,389 shares in the last quarter. Finally, Union Square Park Capital Management LLC grew its stake in Sportsman’s Warehouse by 11.4% in the third quarter. Union Square Park Capital Management LLC now owns 1,782,023 shares of the company’s stock valued at $4,936,000 after acquiring an additional 182,023 shares during the period. 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.