Sportsman’s Warehouse (NASDAQ:SPWH) Announces Earnings Results

Sportsman’s Warehouse (NASDAQ:SPWH) released its earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.10, Briefing.com reports. Sportsman’s Warehouse had a negative return on equity of 8.79% and a negative net margin of 2.25%. The business had revenue of $370.39 million during the quarter, compared to the consensus estimate of $373.61 million. During the same period last year, the business posted $0.33 earnings per share. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. Sportsman’s Warehouse updated its FY 2024 guidance to EPS.

Sportsman’s Warehouse Stock Up 21.1 %

Sportsman’s Warehouse stock opened at $3.79 on Friday. The business has a 50-day simple moving average of $3.51 and a 200 day simple moving average of $4.18. Sportsman’s Warehouse has a 52 week low of $2.74 and a 52 week high of $8.85. The stock has a market cap of $141.78 million, a price-to-earnings ratio of -4.86 and a beta of 0.76.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. StockNews.com raised Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th. B. Riley reduced their price target on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Robert W. Baird reduced their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.25.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently modified their holdings of SPWH. Cannell Capital LLC boosted its holdings in shares of Sportsman’s Warehouse by 61.8% in the 1st quarter. Cannell Capital LLC now owns 2,589,973 shares of the company’s stock worth $27,687,000 after purchasing an additional 989,565 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Sportsman’s Warehouse during the 4th quarter valued at about $4,974,000. Goldman Sachs Group Inc. boosted its holdings in Sportsman’s Warehouse by 63.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 969,560 shares of the company’s stock valued at $10,365,000 after acquiring an additional 378,141 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Sportsman’s Warehouse by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,309 shares of the company’s stock valued at $16,361,000 after acquiring an additional 338,566 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in Sportsman’s Warehouse by 237.7% during the 1st quarter. AQR Capital Management LLC now owns 418,093 shares of the company’s stock valued at $3,545,000 after acquiring an additional 294,277 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Company Profile

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 apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.