Sportsman’s Warehouse (NASDAQ:SPWH) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research note issued to investors on Saturday.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 15th. Robert W. Baird reduced their target price on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Roth Capital dropped their price target on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a research report on Friday, December 5th. Finally, Lake Street Capital boosted their price target on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, September 5th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.88.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $1.39 on Friday. The stock has a market cap of $53.49 million, a price-to-earnings ratio of -1.43 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman’s Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.33. The firm’s 50-day simple moving average is $2.17 and its 200 day simple moving average is $2.85.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Thursday, December 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Sportsman’s Warehouse had a negative return on equity of 7.20% and a negative net margin of 3.05%.The company had revenue of $331.32 million during the quarter, compared to analysts’ expectations of $331.11 million. As a group, research analysts anticipate that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Richard D. Mcbee purchased 25,000 shares of the business’s stock in a transaction that occurred on Thursday, October 2nd. The shares were bought at an average cost of $2.47 per share, with a total value of $61,750.00. Following the acquisition, the director owned 364,886 shares of the company’s stock, valued at $901,268.42. This represents a 7.36% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Tucci purchased 50,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Friday, October 3rd. The shares were bought at an average price of $2.81 per share, with a total value of $140,500.00. Following the transaction, the director owned 73,113 shares of the company’s stock, valued at $205,447.53. This trade represents a 216.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 143,279 shares of company stock valued at $390,609 in the last ninety days. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC bought a new position in shares of Sportsman’s Warehouse during the 2nd quarter valued at approximately $45,000. Dynamic Technology Lab Private Ltd bought a new position in Sportsman’s Warehouse during the second quarter valued at $53,000. Prudential Financial Inc. purchased a new stake in Sportsman’s Warehouse in the second quarter worth $56,000. Stratos Wealth Partners LTD. raised its stake in shares of Sportsman’s Warehouse by 50.0% in the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock valued at $62,000 after buying an additional 6,000 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of Sportsman’s Warehouse in the third quarter valued at $63,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.