Sportsman’s Warehouse (SPWH) Rating Increased to Hold at Zacks Investment Research

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday, Zacks.com reports.

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 research reports. ValuEngine cut shares of Sportsman’s Warehouse from a “sell” rating to a “strong sell” rating in a report on Saturday, May 18th. BidaskClub cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $7.56.



Shares of Sportsman’s Warehouse stock opened at $4.13 on Thursday. Sportsman’s Warehouse has a 1 year low of $3.90 and a 1 year high of $6.69. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.22 and a quick ratio of 0.07. The firm has a market cap of $177.50 million, a P/E ratio of 6.88, a price-to-earnings-growth ratio of 0.73 and a beta of 0.04.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, March 28th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Sportsman’s Warehouse had a net margin of 2.80% and a return on equity of 41.69%. The company had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $242.43 million. The company’s revenue was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that Sportsman’s Warehouse will post 0.58 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Stephens Investment Management Group LLC purchased a new position in Sportsman’s Warehouse in the first quarter valued at $5,819,000. Cannell Capital LLC increased its holdings in Sportsman’s Warehouse by 43.2% in the fourth quarter. Cannell Capital LLC now owns 2,201,757 shares of the company’s stock valued at $9,644,000 after buying an additional 664,573 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in Sportsman’s Warehouse by 596.3% in the first quarter. Assenagon Asset Management S.A. now owns 367,700 shares of the company’s stock valued at $1,765,000 after buying an additional 314,895 shares in the last quarter. Vanguard Group Inc increased its holdings in Sportsman’s Warehouse by 19.2% in the third quarter. Vanguard Group Inc now owns 1,837,433 shares of the company’s stock valued at $10,748,000 after buying an additional 295,727 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Sportsman’s Warehouse by 19.2% in the third quarter. Vanguard Group Inc. now owns 1,837,433 shares of the company’s stock valued at $10,748,000 after buying an additional 295,727 shares in the last quarter. 92.76% of the stock is owned by 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 clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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