Robert W. Baird Cuts Sportsman’s Warehouse (NASDAQ:SPWH) Price Target to $2.00

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective decreased by Robert W. Baird from $3.50 to $2.00 in a research report released on Friday morning, Marketbeat.com reports. Robert W. Baird currently has a neutral rating on the stock.

A number of other research firms also recently commented on SPWH. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 1st. Lake Street Capital boosted their price target on Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, September 5th. Five research 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. Based on data from MarketBeat.com, Sportsman’s Warehouse currently has a consensus rating of “Moderate Buy” and an average price target of $2.88.

Sportsman’s Warehouse Trading Down 29.8%

Shares of SPWH stock opened at $1.72 on Friday. The firm has a market cap of $66.19 million, a P/E ratio of -1.77 and a beta of 0.60. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06. The firm’s 50-day simple moving average is $2.44 and its 200-day simple moving average is $2.89.

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

Insiders Place Their Bets

In other news, CEO Paul Stone bought 59,979 shares of the business’s stock in a transaction on Friday, October 3rd. The stock was purchased at an average cost of $2.80 per share, for a total transaction of $167,941.20. Following the completion of the transaction, the chief executive officer directly owned 1,110,602 shares of the company’s stock, valued at approximately $3,109,685.60. This trade represents a 5.71% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael D. Tucci purchased 50,000 shares of the stock in a transaction dated Friday, October 3rd. The shares were purchased at an average price of $2.81 per share, for a total transaction of $140,500.00. Following the completion of the transaction, the director owned 73,113 shares in the company, valued at $205,447.53. This trade represents a 216.33% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought 143,279 shares of company stock worth $390,609 over the last ninety days. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds have recently made changes to their positions in SPWH. Quinn Opportunity Partners LLC acquired a new position in Sportsman’s Warehouse in the second quarter worth approximately $1,796,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth $688,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of Sportsman’s Warehouse in the 1st quarter worth $715,000. Solas Capital Management LLC grew its holdings in shares of Sportsman’s Warehouse by 67.3% in the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock worth $1,841,000 after acquiring an additional 744,954 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its position in shares of Sportsman’s Warehouse by 50.0% during the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock worth $62,000 after purchasing an additional 6,000 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.