ValuEngine Lowers Sportsman’s Warehouse (NASDAQ:SPWH) to Strong Sell

ValuEngine cut shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a strong sell rating in a research note published on Friday morning, ValuEngine reports.

A number of other equities analysts have also commented on SPWH. DA Davidson set a $6.00 price target on Sportsman’s Warehouse and gave the company a buy rating in a research note on Thursday, August 29th. They noted that the move was a valuation call. Zacks Investment Research raised Sportsman’s Warehouse from a hold rating to a buy rating and set a $4.50 price target for the company in a research note on Tuesday, September 3rd. Finally, Robert W. Baird increased their price target on Sportsman’s Warehouse from $4.00 to $5.00 and gave the company a neutral rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $5.88.

Shares of Sportsman’s Warehouse stock opened at $4.65 on Friday. The stock has a 50 day moving average of $4.19 and a 200 day moving average of $4.41. Sportsman’s Warehouse has a 12 month low of $3.41 and a 12 month high of $6.69. The firm has a market cap of $192.81 million, a PE ratio of 7.75, a PEG ratio of 0.84 and a beta of 0.22. The company has a current ratio of 1.04, a quick ratio of 0.05 and a debt-to-equity ratio of 2.31.



Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Sportsman’s Warehouse had a return on equity of 27.73% and a net margin of 2.71%. The company had revenue of $211.80 million during the quarter, compared to analyst estimates of $207.31 million. During the same period in the prior year, the company earned $0.18 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, equities research analysts forecast that Sportsman’s Warehouse will post 0.53 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP raised its position in Sportsman’s Warehouse by 287.9% during the second quarter. Susquehanna International Group LLP now owns 26,679 shares of the company’s stock valued at $101,000 after purchasing an additional 40,879 shares during the period. Price T Rowe Associates Inc. MD raised its position in Sportsman’s Warehouse by 0.4% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,701,475 shares of the company’s stock valued at $17,772,000 after purchasing an additional 16,700 shares during the period. Jane Street Group LLC purchased a new stake in Sportsman’s Warehouse during the second quarter valued at approximately $80,000. Citadel Advisors LLC raised its position in Sportsman’s Warehouse by 21.8% during the second quarter. Citadel Advisors LLC now owns 221,300 shares of the company’s stock valued at $837,000 after purchasing an additional 39,642 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in Sportsman’s Warehouse by 16.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 611,760 shares of the company’s stock valued at $2,312,000 after purchasing an additional 88,276 shares during the period. Institutional investors and hedge funds own 92.60% 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.

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