Sportsman's Warehouse (NASDAQ:SPWH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “Sportsman’s Warehouse Holdings, Inc. is an outdoor sporting goods retailer. Its stores offer camping products, fishing products, and hunting and shooting products. The Company’s stores also provide clothing products, footwear products and optics, electronics, and accessories. It also carries a range of private label offerings under the Rustic Ridge, Yukon Gold and Sportsman’s Warehouse brands. Sportsman’s Warehouse Holdings, Inc. is headquartered in Midvale, Utah. “
Several other analysts have also issued reports on the stock. Ifs Securities upgraded shares of Sportsman's Warehouse from a “market perform” rating to an “outperform” rating and set a $5.00 target price for the company in a research note on Friday, November 17th. DA Davidson set a $7.00 target price on shares of Sportsman's Warehouse and gave the stock a “buy” rating in a research note on Wednesday, December 6th. ValuEngine upgraded shares of Sportsman's Warehouse from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. BidaskClub upgraded shares of Sportsman's Warehouse from a “hold” rating to a “buy” rating in a research note on Saturday, December 30th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $8.00 target price on shares of Sportsman's Warehouse in a research note on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.07.
In related news, CFO Kevan P. Talbot purchased 13,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were bought at an average cost of $5.78 per share, with a total value of $75,140.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.15% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of SPWH. Nationwide Fund Advisors boosted its holdings in shares of Sportsman's Warehouse by 35.8% in the 2nd quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock worth $111,000 after buying an additional 5,442 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Sportsman's Warehouse by 41.2% during the second quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock valued at $169,000 after purchasing an additional 9,156 shares during the last quarter. Yellowstone Partners LLC purchased a new stake in Sportsman's Warehouse during the third quarter valued at about $196,000. Engineers Gate Manager LP purchased a new stake in Sportsman's Warehouse during the fourth quarter valued at about $207,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Sportsman's Warehouse by 199.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 36,209 shares of the company’s stock valued at $239,000 after purchasing an additional 24,132 shares during the last quarter. 97.75% of the stock is currently owned by institutional investors.
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About Sportsman's Warehouse
Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.
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