Zacks Investment Research downgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research note released on Wednesday, March 14th.
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. “
Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Sportsman’s Warehouse from a buy rating to a hold rating in a research report on Thursday, February 8th. BidaskClub raised shares of Sportsman’s Warehouse from a hold rating to a buy rating in a research note on Saturday, December 30th. Robert W. Baird reissued a buy rating and issued a $8.00 price objective on shares of Sportsman’s Warehouse in a research note on Wednesday, January 3rd. DA Davidson set a $7.00 price objective on shares of Sportsman’s Warehouse and gave the company a buy rating in a research note on Wednesday, December 6th. Finally, Forward View set a $4.00 price target on shares of Sportsman’s Warehouse and gave the company a hold rating in a research note on Saturday, November 18th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $5.50.
Sportsman’s Warehouse stock traded up $0.19 during trading hours on Wednesday, hitting $4.99. The company had a trading volume of 745,175 shares, compared to its average volume of 870,089. The stock has a market cap of $204.57, a P/E ratio of 9.98, a P/E/G ratio of 0.82 and a beta of -0.65. The company has a quick ratio of 0.03, a current ratio of 1.80 and a debt-to-equity ratio of 2.66. Sportsman’s Warehouse has a one year low of $3.40 and a one year high of $6.99.
Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Wednesday, March 28th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.07). Sportsman’s Warehouse had a return on equity of 56.40% and a net margin of 2.19%. The business had revenue of $243.17 million for the quarter, compared to analyst estimates of $241.93 million. equities analysts anticipate that Sportsman’s Warehouse will post 0.59 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the business. Nationwide Fund Advisors grew its holdings in Sportsman’s Warehouse by 35.8% in the second quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock worth $111,000 after purchasing an additional 5,442 shares during the period. Engineers Gate Manager LP acquired a new position in shares of Sportsman’s Warehouse during the fourth quarter valued at about $207,000. The Manufacturers Life Insurance Company grew its holdings in shares of 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 buying an additional 9,156 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of 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 buying an additional 24,132 shares during the last quarter. Finally, Yellowstone Partners LLC acquired a new position in shares of Sportsman’s Warehouse during the third quarter valued at about $196,000. Institutional investors and hedge funds own 97.75% of the company’s stock.
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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 clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.
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