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

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective lowered by B. Riley from $4.00 to $2.00 in a report released on Wednesday, Benzinga reports. The firm currently has a neutral rating on the stock. B. Riley also issued estimates for Sportsman’s Warehouse’s Q3 2025 earnings at ($0.07) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.71) EPS and FY2026 earnings at ($0.34) EPS.

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

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $2.39 on Wednesday. The firm has a market capitalization of $90.22 million, a PE ratio of -2.85 and a beta of 0.67. The business’s 50-day moving average price is $2.23 and its two-hundred day moving average price is $2.87. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $5.55.

Insiders Place Their Bets

In related news, Director Steven W. Sansom acquired 10,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $2.91 per share, for a total transaction of $29,100.00. Following the completion of the acquisition, 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 the SEC website. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SkyView Investment Advisors LLC grew its stake in Sportsman’s Warehouse by 11.6% in the second quarter. SkyView Investment Advisors LLC now owns 175,231 shares of the company’s stock valued at $422,000 after acquiring an additional 18,192 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sportsman’s Warehouse in the 2nd quarter valued at $146,000. Squarepoint Ops LLC bought a new stake in Sportsman’s Warehouse during the 2nd quarter valued at $199,000. Cubist Systematic Strategies LLC acquired a new position in Sportsman’s Warehouse during the second quarter worth $384,000. Finally, Point72 DIFC Ltd bought a new position in shares of Sportsman’s Warehouse in the second quarter valued at $40,000. 83.04% of the stock is owned by institutional investors and hedge funds.

About Sportsman’s Warehouse

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.