B. Riley Cuts Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $2.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price target cut by equities research analysts at B. Riley from $4.00 to $2.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. B. Riley’s price objective indicates a potential downside of 9.91% from the company’s current price.

SPWH has been the topic of a number of other research reports. Lake Street Capital cut their price objective on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday. Craig Hallum cut their price objective on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday. Robert W. Baird cut their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday. Roth Capital raised Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Roth Mkm started coverage on Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a “buy” rating and a $5.00 price objective on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.10.

Sportsman’s Warehouse Stock Up 6.2 %

Shares of Sportsman’s Warehouse stock traded up $0.13 on Wednesday, hitting $2.22. 457,948 shares of the company were exchanged, compared to its average volume of 447,303. The stock has a market capitalization of $83.80 million, a price-to-earnings ratio of -2.54 and a beta of 0.69. The company has a 50-day moving average price of $2.23 and a 200 day moving average price of $2.89. Sportsman’s Warehouse has a 1-year low of $1.81 and a 1-year high of $5.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative net margin of 2.48% and a negative return on equity of 10.25%. The business had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Research analysts forecast that Sportsman’s Warehouse will post -0.24 EPS for the current year.

Insider Transactions at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Steven W. Sansom bought 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average price of $2.91 per share, for a total transaction of $29,100.00. Following the completion of the purchase, the director now owns 90,000 shares of the company’s stock, valued at $261,900. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. GSA Capital Partners LLP acquired a new position in Sportsman’s Warehouse in the 4th quarter valued at $2,488,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth $384,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Sportsman’s Warehouse by 19.5% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after buying an additional 121,731 shares during the last quarter. CastleKnight Management LP acquired a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth $384,000. Finally, Fund 1 Investments LLC purchased a new stake in Sportsman’s Warehouse during the 4th quarter worth $375,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

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 apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.