Zacks Investment Research upgraded shares of Sportsman's Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research note issued to investors on Friday, January 19th.
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. “
A number of other research analysts have also recently issued reports on the stock. BidaskClub cut shares of Sportsman's Warehouse from a buy rating to a hold rating in a research report on Saturday, January 6th. Robert W. Baird reissued a buy rating and set a $8.00 price target on shares of Sportsman's Warehouse in a research report on Wednesday, January 3rd. DA Davidson set a $7.00 price target on shares of Sportsman's Warehouse and gave the company a buy rating in a research report on Wednesday, December 6th. ValuEngine raised shares of Sportsman's Warehouse from a hold rating to a buy rating in a report on Friday, December 1st. Finally, Forward View set a $4.00 target price on shares of Sportsman's Warehouse and gave the stock a hold rating in a report on Saturday, November 18th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $6.07.
Sportsman's Warehouse (NASDAQ SPWH) traded down $0.29 during trading hours on Friday, hitting $4.80. 484,473 shares of the stock traded hands, compared to its average volume of 536,146. Sportsman's Warehouse has a 12-month low of $3.40 and a 12-month high of $6.99. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.03 and a current ratio of 1.54. The stock has a market cap of $204.38, a PE ratio of 9.06, a price-to-earnings-growth ratio of 0.78 and a beta of -0.92.
Sportsman's Warehouse (NASDAQ:SPWH) last posted its earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Sportsman's Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The company had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $222.59 million. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. equities research analysts expect that Sportsman's Warehouse will post 0.57 earnings per share for the current fiscal year.
In related news, CFO Kevan P. Talbot purchased 13,000 shares of Sportsman's Warehouse stock in a transaction dated Monday, December 18th. The stock was purchased at an average cost of $5.78 per share, for a total transaction of $75,140.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.15% of the company’s stock.
Several hedge funds have recently made changes to their positions in SPWH. Towle & Co. bought a new stake in shares of Sportsman's Warehouse in the third quarter worth approximately $11,184,000. Boston Private Wealth LLC grew its stake in shares of Sportsman's Warehouse by 69.0% in the third quarter. Boston Private Wealth LLC now owns 2,112,000 shares of the company’s stock worth $9,525,000 after acquiring an additional 862,000 shares during the period. Uniplan Investment Counsel Inc. bought a new stake in Sportsman's Warehouse during the third quarter valued at approximately $3,085,000. Weber Alan W grew its position in Sportsman's Warehouse by 107.8% during the third quarter. Weber Alan W now owns 685,900 shares of the company’s stock valued at $3,093,000 after buying an additional 355,900 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Sportsman's Warehouse by 55.7% during the second quarter. Dimensional Fund Advisors LP now owns 965,506 shares of the company’s stock valued at $5,214,000 after buying an additional 345,564 shares during the period.
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Sportsman's Warehouse Company Profile
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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