Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have received an average rating of “Hold” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $7.21.

Several equities research analysts recently issued reports on the stock. ValuEngine lowered shares of Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. DA Davidson reissued a “buy” rating and issued a $8.00 target price on shares of Sportsman’s Warehouse Holdings in a report on Saturday, June 3rd. TheStreet raised shares of Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a report on Tuesday, May 30th. Ifs Securities assumed coverage on shares of Sportsman’s Warehouse Holdings in a report on Friday. They issued a “market perform” rating for the company. Finally, Piper Jaffray Companies set a $6.00 price target on Sportsman’s Warehouse Holdings and gave the stock a “hold” rating in a research note on Sunday, August 20th.

In other news, insider Jon Barker bought 14,000 shares of the stock in a transaction dated Wednesday, August 23rd. The stock was purchased at an average cost of $4.13 per share, for a total transaction of $57,820.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John V. Schaefer sold 608,534 shares of the stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $5.45, for a total value of $3,316,510.30. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 25,700 shares of company stock valued at $116,626 and sold 1,148,821 shares valued at $6,213,192. Corporate insiders own 4.15% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors boosted its position in shares of Sportsman’s Warehouse Holdings by 35.8% during the 2nd quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock valued at $111,000 after acquiring an additional 5,442 shares during the last quarter. Karp Capital Management Corp bought a new position in shares of Sportsman’s Warehouse Holdings during the 1st quarter valued at approximately $100,000. Gotham Asset Management LLC bought a new position in shares of Sportsman’s Warehouse Holdings during the 2nd quarter valued at approximately $114,000. Marshall Wace North America L.P. bought a new position in shares of Sportsman’s Warehouse Holdings during the 2nd quarter valued at approximately $109,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Sportsman’s Warehouse Holdings by 71.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 23,956 shares of the company’s stock valued at $115,000 after acquiring an additional 9,952 shares during the last quarter. Hedge funds and other institutional investors own 88.42% of the company’s stock.

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Shares of Sportsman’s Warehouse Holdings (SPWH) traded up 0.23% during midday trading on Friday, reaching $4.42. 917,148 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $4.21 and its 200 day moving average price is $4.73. The firm has a market capitalization of $184.31 million, a PE ratio of 8.10 and a beta of -0.83. Sportsman’s Warehouse Holdings has a one year low of $3.40 and a one year high of $11.16.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last released its earnings results on Thursday, August 17th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The company had revenue of $191.50 million during the quarter, compared to analyst estimates of $191.28 million. Sportsman’s Warehouse Holdings had a net margin of 2.94% and a return on equity of 90.52%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. On average, equities research analysts expect that Sportsman’s Warehouse Holdings will post $0.63 earnings per share for the current fiscal year.

About Sportsman’s Warehouse Holdings

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

Analyst Recommendations for Sportsman`s Warehouse Holdings (NASDAQ:SPWH)

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