Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Recommendation of “Hold” from Analysts

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has received an average rating of “Hold” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.50.

Several analysts recently commented on SPWH shares. Zacks Investment Research downgraded Sportsman’s Warehouse Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, April 4th. Forward View raised Sportsman’s Warehouse Holdings from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. ValuEngine downgraded Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. DA Davidson reissued a “buy” rating and issued a $8.00 price target on shares of Sportsman’s Warehouse Holdings in a research note on Saturday, June 3rd. Finally, TheStreet raised Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a research note on Tuesday, May 30th.

In related news, CEO John V. Schaefer sold 608,534 shares of Sportsman’s Warehouse Holdings stock in a transaction dated Thursday, June 29th. The stock was sold at an average price of $5.45, for a total value of $3,316,510.30. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Kay L. Toolson bought 10,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The stock was bought at an average cost of $5.00 per share, for a total transaction of $50,000.00. The disclosure for this purchase can be found here. In the last three months, insiders acquired 23,700 shares of company stock worth $126,726 and sold 1,148,821 shares worth $6,213,192. Company insiders own 3.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new stake in Sportsman’s Warehouse Holdings during the first quarter worth about $100,000. Goldman Sachs Group Inc. increased its stake in Sportsman’s Warehouse Holdings by 71.1% in the first quarter. Goldman Sachs Group Inc. now owns 23,956 shares of the company’s stock worth $115,000 after buying an additional 9,952 shares in the last quarter. California Public Employees Retirement System bought a new stake in Sportsman’s Warehouse Holdings during the first quarter worth about $122,000. Trexquant Investment LP bought a new stake in Sportsman’s Warehouse Holdings during the fourth quarter worth about $132,000. Finally, Credit Suisse AG increased its stake in Sportsman’s Warehouse Holdings by 25.5% in the first quarter. Credit Suisse AG now owns 33,971 shares of the company’s stock worth $162,000 after buying an additional 6,897 shares in the last quarter. 79.74% of the stock is currently owned by institutional investors and hedge funds.

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Sportsman’s Warehouse Holdings (NASDAQ SPWH) traded down 3.66% on Monday, reaching $4.47. The company had a trading volume of 438,117 shares. The stock has a market capitalization of $186.40 million, a price-to-earnings ratio of 7.69 and a beta of -0.79. Sportsman’s Warehouse Holdings has a 12 month low of $3.86 and a 12 month high of $11.30. The firm has a 50 day moving average price of $5.17 and a 200-day moving average price of $5.39.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last issued its quarterly earnings data on Thursday, May 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. The business had revenue of $156.90 million for the quarter, compared to analyst estimates of $153.06 million. Sportsman’s Warehouse Holdings had a return on equity of 127.68% and a net margin of 3.16%. The firm’s revenue was up 3.5% on a year-over-year basis. Analysts forecast that Sportsman’s Warehouse Holdings will post $0.64 earnings per share for the current fiscal year.

Sportsman’s Warehouse Holdings Company Profile

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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