Paul Stone Buys 8,300 Shares of Sportsman’s Warehouse (NASDAQ:SPWH) Stock

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) CEO Paul Stone purchased 8,300 shares of the stock in a transaction that occurred on Thursday, October 2nd. The shares were acquired at an average price of $2.46 per share, for a total transaction of $20,418.00. Following the completion of the transaction, the chief executive officer directly owned 1,050,623 shares of the company’s stock, valued at $2,584,532.58. The trade was a 0.80% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Friday, October 3rd, Paul Stone purchased 59,979 shares of Sportsman’s Warehouse stock. The shares were acquired at an average price of $2.80 per share, for a total transaction of $167,941.20.

Sportsman’s Warehouse Stock Performance

SPWH opened at $2.88 on Friday. The firm has a market capitalization of $110.68 million, a PE ratio of -2.94 and a beta of 0.63. Sportsman’s Warehouse Holdings, Inc. has a twelve month low of $0.92 and a twelve month high of $4.33. The firm’s 50-day moving average price is $3.02 and its 200 day moving average price is $2.61. The company has a current ratio of 1.19, a quick ratio of 0.06 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. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Large investors have recently modified their holdings of the company. Bank of America Corp DE increased its position in shares of 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 purchased a new stake in shares of Sportsman’s Warehouse in the 4th quarter valued at approximately $716,000. Skylands Capital LLC boosted its holdings in shares of 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 buying an additional 116,550 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Sportsman’s Warehouse by 153.2% in the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company’s stock valued at $947,000 after buying an additional 576,098 shares in the last quarter. Finally, Squarepoint Ops LLC boosted its holdings in shares of 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 buying an additional 114,353 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. 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 report on Friday, September 5th. Roth Capital boosted their target price 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 reiterated a “sell (d-)” rating on shares of Sportsman’s Warehouse in a report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Sportsman’s Warehouse currently has a consensus rating of “Moderate Buy” and an average price target of $3.45.

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.