Robert W. Baird Trims Sportsman’s Warehouse (NASDAQ:SPWH) Target Price to $2.50

Sportsman’s Warehouse (NASDAQ:SPWH) had its price objective decreased by equities research analysts at Robert W. Baird from $4.00 to $2.50 in a report released on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Robert W. Baird’s price target would suggest a potential upside of 19.62% from the stock’s current price.

Several other equities analysts also recently commented on the company. Craig Hallum cut their target price on Sportsman’s Warehouse from $5.00 to $4.00 and set a “hold” rating for the company in a research report on Wednesday, June 5th. Lake Street Capital dropped their price objective on Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Roth Capital upgraded shares of Sportsman’s Warehouse to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Roth Mkm began coverage on shares of Sportsman’s Warehouse in a research report on Monday, June 3rd. They set a “buy” rating and a $5.00 target price for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $4.10.

Sportsman’s Warehouse Stock Performance

Shares of SPWH stock opened at $2.09 on Wednesday. The firm has a fifty day moving average of $2.23 and a 200-day moving average of $2.89. The stock has a market cap of $78.89 million, a price-to-earnings ratio of -2.49 and a beta of 0.69. Sportsman’s Warehouse has a 52-week low of $1.81 and a 52-week high of $5.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. On average, sell-side analysts predict that Sportsman’s Warehouse will post -0.24 earnings per share for the current year.

Insiders Place Their Bets

In other Sportsman’s Warehouse news, Director Steven W. Sansom bought 10,000 shares of the stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $2.91 per share, for a total transaction of $29,100.00. Following the completion of the purchase, the director now owns 90,000 shares in the company, valued at approximately $261,900. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System bought a new stake in Sportsman’s Warehouse during the 1st quarter worth about $38,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse during the second quarter worth approximately $40,000. Virtu Financial LLC acquired a new position in Sportsman’s Warehouse in the first quarter valued at approximately $85,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $88,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Sportsman’s Warehouse in the second quarter valued at approximately $146,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.