ValuEngine lowered shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research report report published on Friday morning.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a sell rating to a hold rating in a report on Saturday, May 19th. Robert W. Baird reiterated a neutral rating and issued a $5.00 target price on shares of Sportsman’s Warehouse in a report on Thursday, March 15th. Finally, DA Davidson reiterated a buy rating on shares of Sportsman’s Warehouse in a report on Wednesday, May 16th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $5.50.
Shares of Sportsman’s Warehouse traded down $0.17, reaching $5.12, during midday trading on Friday, according to Marketbeat Ratings. The company’s stock had a trading volume of 468,287 shares, compared to its average volume of 435,138. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.63 and a quick ratio of 0.06. Sportsman’s Warehouse has a one year low of $3.40 and a one year high of $6.99. The company has a market capitalization of $226.59 million, a P/E ratio of 10.24, a PEG ratio of 0.89 and a beta of -0.66.
Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Thursday, May 24th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Sportsman’s Warehouse had a net margin of 1.97% and a return on equity of 48.91%. The business had revenue of $180.10 million for the quarter, compared to the consensus estimate of $175.80 million. The firm’s revenue was up 14.8% compared to the same quarter last year. analysts anticipate that Sportsman’s Warehouse will post 0.6 earnings per share for the current year.
In other news, Director Seidler Kutsenda Management Co sold 380,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 29th. The shares were sold at an average price of $5.14, for a total transaction of $1,953,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 2,015,000 shares of company stock worth $10,665,450 in the last 90 days. 4.15% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in SPWH. Towle & Co. raised its holdings in shares of Sportsman’s Warehouse by 55.9% during the fourth quarter. Towle & Co. now owns 3,865,025 shares of the company’s stock valued at $25,548,000 after acquiring an additional 1,385,209 shares during the period. Tenzing Global Management LLC raised its holdings in shares of Sportsman’s Warehouse by 200.0% during the fourth quarter. Tenzing Global Management LLC now owns 900,000 shares of the company’s stock valued at $5,949,000 after acquiring an additional 600,000 shares during the period. Mutual Advisors LLC acquired a new stake in shares of Sportsman’s Warehouse during the first quarter valued at approximately $831,000. Millennium Management LLC raised its holdings in shares of Sportsman’s Warehouse by 121.1% during the first quarter. Millennium Management LLC now owns 353,268 shares of the company’s stock valued at $1,441,000 after acquiring an additional 193,456 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of Sportsman’s Warehouse by 55.4% during the first quarter. Russell Investments Group Ltd. now owns 494,800 shares of the company’s stock valued at $2,018,000 after acquiring an additional 176,400 shares during the period. Institutional investors and hedge funds own 86.88% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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