Sportsman’s Warehouse (NASDAQ:SPWH) CEO Paul Stone Purchases 59,979 Shares

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) CEO Paul Stone bought 59,979 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were bought at an average cost of $2.80 per share, with a total value of $167,941.20. Following the purchase, the chief executive officer directly owned 1,110,602 shares of the company’s stock, valued at approximately $3,109,685.60. This represents a 5.71% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paul Stone also recently made the following trade(s):

• On Thursday, October 2nd, Paul Stone bought 8,300 shares of Sportsman’s Warehouse stock. The shares were bought at an average cost of $2.46 per share, with a total value of $20,418.00.

Sportsman’s Warehouse Stock Up 16.1%

SPWH stock opened at $2.88 on Friday. The stock has a market capitalization of $110.68 million, a P/E ratio of -2.94 and a beta of 0.63. Sportsman’s Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.33. The firm has a 50-day simple moving average of $3.02 and a 200-day simple moving average of $2.60. The company has a quick ratio of 0.06, a current ratio of 1.19 and a debt-to-equity ratio of 0.21.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.12). The firm had revenue of $293.90 million for the quarter, compared to analyst estimates of $291.56 million. Sportsman’s Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. Equities analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Lake Street Capital boosted their price target on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, September 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research report on Saturday, September 27th. Finally, Roth Capital boosted their price target on shares of Sportsman’s Warehouse from $3.00 to $4.25 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.45.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. Bank of America Corp DE boosted its holdings in Sportsman’s Warehouse by 134.3% in the 4th quarter. Bank of America Corp DE now owns 161,347 shares of the company’s stock valued at $431,000 after purchasing an additional 92,469 shares during the last quarter. Two Sigma Investments LP acquired a new position in Sportsman’s Warehouse in the 4th quarter valued at about $716,000. Two Sigma Advisers LP acquired a new position in Sportsman’s Warehouse in the 4th quarter valued at about $501,000. Squarepoint Ops LLC boosted its holdings in Sportsman’s Warehouse by 225.0% in the 4th quarter. Squarepoint Ops LLC now owns 165,178 shares of the company’s stock valued at $441,000 after purchasing an additional 114,353 shares during the last quarter. Finally, Skylands Capital LLC boosted its holdings in Sportsman’s Warehouse by 43.6% in the 1st quarter. Skylands Capital LLC now owns 384,000 shares of the company’s stock valued at $382,000 after purchasing an additional 116,550 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.