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 firm’s stock in a transaction that occurred on Friday, October 3rd. The shares were acquired at an average price of $2.80 per share, with a total value 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 $3,109,685.60. This trade represents a 5.71% increase in their ownership of the stock. The transaction was disclosed in a legal 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 acquired at an average price of $2.46 per share, with a total value of $20,418.00.

Sportsman’s Warehouse Trading Up 16.1%

NASDAQ SPWH opened at $2.88 on Friday. The company has a market capitalization of $110.68 million, a PE ratio of -2.94 and a beta of 0.63. The company has a fifty day moving average of $3.02 and a 200 day moving average of $2.60. Sportsman’s Warehouse Holdings, Inc. 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 1.19 and a quick ratio of 0.06.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.12). The company had revenue of $293.90 million during the quarter, compared to the consensus estimate 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. Research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manatuck Hill Partners LLC purchased a new stake in shares of Sportsman’s Warehouse during the second quarter worth about $1,229,000. BNP Paribas Financial Markets increased its stake in shares of Sportsman’s Warehouse by 165.3% during the second quarter. BNP Paribas Financial Markets now owns 57,167 shares of the company’s stock worth $197,000 after purchasing an additional 35,621 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Sportsman’s Warehouse by 70.6% during the second quarter. Bank of America Corp DE now owns 286,712 shares of the company’s stock worth $989,000 after purchasing an additional 118,666 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Sportsman’s Warehouse by 37.9% during the second quarter. Jane Street Group LLC now owns 102,328 shares of the company’s stock worth $353,000 after purchasing an additional 28,100 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Sportsman’s Warehouse by 89.5% during the second quarter. Raymond James Financial Inc. now owns 567,386 shares of the company’s stock worth $1,957,000 after purchasing an additional 267,995 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.