Zacks Investment Research upgraded shares of Sportsman's Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report sent to investors on Saturday, December 30th.
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. “
SPWH has been the subject of a number of other reports. ValuEngine downgraded Sportsman's Warehouse from a buy rating to a hold rating in a research report on Friday, September 1st. DA Davidson set a $7.00 price target on Sportsman's Warehouse and gave the stock a buy rating in a research report on Wednesday, December 6th. Ifs Securities upgraded Sportsman's Warehouse from a market perform rating to an outperform rating and set a $5.00 price target for the company in a research report on Friday, November 17th. BidaskClub upgraded Sportsman's Warehouse from a sell rating to a hold rating in a research report on Friday, December 22nd. Finally, Forward View set a $4.00 price target on Sportsman's Warehouse and gave the stock a hold rating in a research report on Saturday, November 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Sportsman's Warehouse presently has an average rating of Hold and a consensus price target of $6.69.
Sportsman's Warehouse (NASDAQ:SPWH) opened at $5.36 on Friday. The company has a current ratio of 1.54, a quick ratio of 0.03 and a debt-to-equity ratio of 3.09. The company has a market capitalization of $230.35, a P/E ratio of 10.31, a PEG ratio of 0.95 and a beta of -0.65. Sportsman's Warehouse has a 52-week low of $3.40 and a 52-week high of $8.79.
Sportsman's Warehouse (NASDAQ:SPWH) last posted its earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). The firm had revenue of $218.10 million for the quarter, compared to the consensus estimate of $222.59 million. Sportsman's Warehouse had a net margin of 2.84% and a return on equity of 71.55%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.25 earnings per share. sell-side analysts predict 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 the stock in a transaction that occurred on Monday, December 18th. The stock was bought at an average cost of $5.78 per share, for a total transaction of $75,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.15% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in SPWH. California Public Employees Retirement System purchased a new stake in Sportsman's Warehouse in the first quarter worth $122,000. Vanguard Group Inc. increased its stake in Sportsman's Warehouse by 14.4% in the first quarter. Vanguard Group Inc. now owns 1,315,965 shares of the company’s stock worth $6,290,000 after purchasing an additional 165,638 shares during the period. Geode Capital Management LLC increased its stake in Sportsman's Warehouse by 4.5% in the first quarter. Geode Capital Management LLC now owns 240,038 shares of the company’s stock worth $1,147,000 after purchasing an additional 10,300 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Sportsman's Warehouse by 6.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 105,244 shares of the company’s stock worth $504,000 after purchasing an additional 6,156 shares during the period. Finally, Credit Suisse AG increased its stake in Sportsman's Warehouse by 25.5% in the first quarter. Credit Suisse AG now owns 33,971 shares of the company’s stock worth $162,000 after purchasing an additional 6,897 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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