Sportsman's Warehouse Holdings Trading Up 3.4% After Insider Buying Activity (SPWH)
Shares of Sportsman's Warehouse Holdings (NASDAQ:SPWH) were up 3.4% during trading on Thursday following insider buying activity, AmericanBankingNews.com reports. The stock traded as high as $8.12 and last traded at $7.99, with a volume of 175,607 shares. The stock had previously closed at $7.73.
Specifically, Director Kay L. Toolson bought 10,000 shares of Sportsman's Warehouse Holdings stock on the open market in a transaction that occurred on Wednesday, July 2nd. The shares were purchased at an average price of $7.80 per share, with a total value of $78,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on SPWH. Analysts at DA Davidson initiated coverage on shares of Sportsman's Warehouse Holdings in a research note on Monday, May 12th. They set a “buy” rating and a $13.00 price target on the stock. Separately, analysts at Credit Suisse initiated coverage on shares of Sportsman's Warehouse Holdings in a research note on Monday, May 12th. They set an “outperform” rating and a $13.00 price target on the stock. Finally, analysts at William Blair initiated coverage on shares of Sportsman's Warehouse Holdings in a research note on Monday, May 12th. They set an “outperform” rating on the stock. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.60.
The stock has a 50-day moving average of $8.63 and a 200-day moving average of $9.08. The company has a market cap of $333.6 million and a P/E ratio of 23.35.
Sportsman's Warehouse Holdings (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 10th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $132.40 million for the quarter, compared to the consensus estimate of $127.41 million. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that Sportsman's Warehouse Holdings will post $0.51 earnings per share for the current fiscal year.
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.