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

Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other research firms have also commented on SPWH. Roth Capital decreased their price objective on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research note on Friday, December 5th. Robert W. Baird decreased their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 15th. Finally, Lake Street Capital upped their price objective on Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $2.88.

Sportsman’s Warehouse Trading Down 1.4%

NASDAQ SPWH opened at $1.39 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $2.17 and a 200 day simple moving average of $2.85. Sportsman’s Warehouse has a 12 month low of $0.92 and a 12 month high of $4.33. The firm has a market capitalization of $53.49 million, a P/E ratio of -1.43 and a beta of 0.60.

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

Insider Buying and Selling

In other news, Director Richard D. Mcbee acquired 25,000 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were acquired at an average cost of $2.47 per share, for a total transaction of $61,750.00. Following the purchase, the director owned 364,886 shares of the company’s stock, valued at approximately $901,268.42. The trade was a 7.36% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael D. Tucci acquired 50,000 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were acquired at an average cost of $2.81 per share, for a total transaction of $140,500.00. Following the completion of the acquisition, the director owned 73,113 shares of the company’s stock, valued at approximately $205,447.53. The trade was a 216.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders bought 143,279 shares of company stock valued at $390,609. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Solas Capital Management LLC raised its holdings in Sportsman’s Warehouse by 67.3% during the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock valued at $1,841,000 after acquiring an additional 744,954 shares during the period. Union Square Park Capital Management LLC grew its position in shares of 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 purchasing an additional 182,023 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sportsman’s Warehouse by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after purchasing an additional 46,929 shares during the period. JB Capital Partners LP raised its stake in shares of Sportsman’s Warehouse by 6.1% during the 2nd quarter. JB Capital Partners LP now owns 1,710,794 shares of the company’s stock valued at $5,902,000 after purchasing an additional 99,000 shares during the period. Finally, Marshall Wace LLP lifted its holdings in Sportsman’s Warehouse by 23.2% during the 2nd quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after purchasing an additional 256,768 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Sportsman’s Warehouse Company Profile

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.