Sportsman’s Warehouse’s (SPWH) “Buy” Rating Reiterated at B. Riley

B. Riley reissued their buy rating on shares of Sportsman’s Warehouse (NASDAQ:SPWH) in a report released on Wednesday,Benzinga reports. B. Riley currently has a $4.00 price objective on the stock, up from their prior price objective of $3.00. B. Riley also issued estimates for Sportsman’s Warehouse’s Q3 2026 earnings at $0.10 EPS and Q4 2026 earnings at $0.05 EPS.

SPWH has been the topic of several other reports. Craig Hallum raised Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price target on the stock in a research report on Wednesday, April 2nd. Roth Mkm decreased their target price on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3.00.

Sportsman’s Warehouse Stock Up 14.8%

Shares of Sportsman’s Warehouse stock opened at $3.02 on Wednesday. Sportsman’s Warehouse has a 12-month low of $0.92 and a 12-month high of $3.37. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $1.81 and a two-hundred day moving average price of $1.87. The stock has a market capitalization of $115.63 million, a P/E ratio of -3.43 and a beta of 0.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.48) by $0.07. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The business had revenue of $249.10 million during the quarter, compared to analysts’ expectations of $238.25 million. During the same period in the previous year, the company earned ($0.47) earnings per share. Equities analysts expect that Sportsman’s Warehouse will post -0.65 earnings per share for the current year.

Insider Activity

In other news, Director Richard D. Mcbee purchased 75,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were purchased at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the completion of the purchase, the director now directly owns 339,886 shares of the company’s stock, valued at approximately $910,894.48. The trade was a 28.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by company insiders.

Institutional Trading of Sportsman’s Warehouse

Hedge funds have recently modified their holdings of the company. Empowered Funds LLC increased its position in shares of Sportsman’s Warehouse by 5.2% during the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock valued at $338,000 after purchasing an additional 6,225 shares during the period. Skylands Capital LLC boosted its stake in Sportsman’s Warehouse by 39.8% during the fourth quarter. Skylands Capital LLC now owns 267,450 shares of the company’s stock worth $714,000 after buying an additional 76,100 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sportsman’s Warehouse in the 4th quarter valued at $806,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Sportsman’s Warehouse by 302.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,541 shares of the company’s stock valued at $664,000 after buying an additional 186,723 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Sportsman’s Warehouse by 88.7% in the 4th quarter. American Century Companies Inc. now owns 270,130 shares of the company’s stock valued at $721,000 after buying an additional 126,995 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

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.