Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) has been assigned an average rating of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $12.69.
Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a report on Thursday, July 2nd. Craig Hallum increased their price objective on shares of Sportsman’s Warehouse from $12.00 to $16.00 and gave the company a “buy” rating in a report on Friday, June 5th. Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday, June 6th. BidaskClub upgraded shares of Sportsman’s Warehouse from a “buy” rating to a “strong-buy” rating in a report on Friday, July 17th. Finally, Piper Sandler increased their price objective on shares of Sportsman’s Warehouse from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Tuesday, June 23rd.
In other Sportsman’s Warehouse news, Director Martha Helena Bejar sold 7,320 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $13.53, for a total value of $99,039.60. Following the sale, the director now directly owns 22,472 shares in the company, valued at $304,046.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gregory P. Hickey sold 25,114 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.41, for a total transaction of $311,664.74. Following the completion of the sale, the director now owns 54,177 shares in the company, valued at $672,336.57. The disclosure for this sale can be found here. Company insiders own 2.14% of the company’s stock.
Several hedge funds have recently modified their holdings of SPWH. US Bancorp DE bought a new stake in shares of Sportsman’s Warehouse during the first quarter worth $25,000. Parallel Advisors LLC bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth $28,000. BNP Paribas Arbitrage SA increased its position in shares of Sportsman’s Warehouse by 21.3% during the first quarter. BNP Paribas Arbitrage SA now owns 13,153 shares of the company’s stock worth $81,000 after acquiring an additional 2,307 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Sportsman’s Warehouse during the first quarter worth $93,000. Finally, Fox Run Management L.L.C. bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth $143,000. 94.83% of the stock is owned by institutional investors.
Shares of SPWH stock opened at $16.09 on Friday. Sportsman’s Warehouse has a 1 year low of $3.50 and a 1 year high of $17.39. The firm’s 50 day moving average is $14.33 and its 200-day moving average is $8.93. The firm has a market capitalization of $699.19 million, a price-to-earnings ratio of 28.73 and a beta of 0.75. The company has a current ratio of 1.09, a quick ratio of 0.13 and a debt-to-equity ratio of 2.15.
Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.07. Sportsman’s Warehouse had a net margin of 2.56% and a return on equity of 25.53%. The company had revenue of $246.84 million for the quarter, compared to analyst estimates of $224.71 million. During the same period in the prior year, the business earned ($0.12) earnings per share. Sportsman’s Warehouse’s quarterly revenue was up 41.8% on a year-over-year basis. On average, equities research analysts forecast that Sportsman’s Warehouse will post 0.81 earnings per share for the current fiscal year.
Sportsman’s Warehouse Company Profile
Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.
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