Sportsman’s Warehouse (NASDAQ:SPWH) released its quarterly earnings data on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01), Briefing.com reports. The business had revenue of $218.10 million for the quarter, compared to the consensus estimate of $222.59 million. Sportsman’s Warehouse had a return on equity of 71.55% and a net margin of 2.84%. Sportsman’s Warehouse’s revenue was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.25 earnings per share. Sportsman’s Warehouse updated its Q4 guidance to $0.26-0.29 EPS.
Shares of Sportsman’s Warehouse (SPWH) opened at $5.22 on Friday. Sportsman’s Warehouse has a 1 year low of $3.40 and a 1 year high of $9.86. The company has a market cap of $214.60, a P/E ratio of 9.16, a PEG ratio of 0.89 and a beta of -0.68. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.03 and a current ratio of 1.54.
A number of equities research analysts recently issued reports on the stock. ValuEngine cut shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research cut shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st. Ifs Securities upgraded shares of Sportsman’s Warehouse from a “market perform” rating to an “outperform” rating and set a $5.00 price objective for the company in a research report on Friday, November 17th. Forward View set a $4.00 price objective on shares of Sportsman’s Warehouse and gave the company a “hold” rating in a research report on Saturday, August 26th. Finally, MKM Partners restated a “buy” rating and issued a $7.00 price objective on shares of Sportsman’s Warehouse in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $6.50.
A number of institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its stake in Sportsman’s Warehouse by 41.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock worth $169,000 after acquiring an additional 9,156 shares during the last quarter. California State Teachers Retirement System boosted its stake in Sportsman’s Warehouse by 23.5% during the 2nd quarter. California State Teachers Retirement System now owns 64,124 shares of the company’s stock worth $346,000 after acquiring an additional 12,200 shares during the last quarter. Finally, State Street Corp boosted its stake in Sportsman’s Warehouse by 4.7% during the 2nd quarter. State Street Corp now owns 395,418 shares of the company’s stock worth $2,134,000 after acquiring an additional 17,892 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors and hedge funds.
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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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