Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded at Zacks Research

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

SPWH has been the subject of a number of other research reports. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.58.

Sportsman’s Warehouse Price Performance

Shares of SPWH stock opened at $1.23 on Wednesday. The firm’s 50 day moving average price is $1.31 and its two-hundred day moving average price is $1.36. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.18. Sportsman’s Warehouse has a 52-week low of $1.08 and a 52-week high of $3.87. The stock has a market cap of $47.99 million, a PE ratio of -0.95 and a beta of 0.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, beating the consensus estimate of ($0.58) by $0.19. The company had revenue of $256.08 million during the quarter, compared to analysts’ expectations of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. During the same quarter in the previous year, the company posted ($0.56) EPS. As a group, analysts forecast that Sportsman’s Warehouse will post -0.34 EPS for the current year.

Institutional Trading of Sportsman’s Warehouse

Several hedge funds have recently added to or reduced their stakes in SPWH. Dynamic Technology Lab Private Ltd bought a new position in Sportsman’s Warehouse during the fourth quarter worth about $41,000. SBI Securities Co. Ltd. increased its holdings in shares of Sportsman’s Warehouse by 158,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after acquiring an additional 31,700 shares in the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse during the second quarter worth about $56,000. Centiva Capital LP acquired a new stake in shares of Sportsman’s Warehouse during the third quarter worth about $63,000. Finally, Teton Advisors LLC lifted its holdings in shares of Sportsman’s Warehouse by 14.3% during the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after purchasing an additional 10,000 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.