Sportsman’s Warehouse (NASDAQ:SPWH) Raised to “Hold” at ValuEngine

ValuEngine upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report released on Wednesday, ValuEngine reports.

A number of other analysts have also recently issued reports on the company. Piper Jaffray Companies reissued an overweight rating and set a $8.00 price objective (up previously from $7.00) on shares of Sportsman’s Warehouse in a report on Wednesday. DA Davidson set a $6.00 price objective on Sportsman’s Warehouse and gave the stock a buy rating in a report on Monday, September 23rd. Robert W. Baird increased their price objective on Sportsman’s Warehouse from $4.00 to $5.00 and gave the stock a neutral rating in a report on Thursday, August 29th. Finally, Zacks Investment Research raised Sportsman’s Warehouse from a hold rating to a buy rating and set a $4.50 price objective on the stock in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sportsman’s Warehouse presently has a consensus rating of Buy and a consensus price target of $5.88.

SPWH traded up $0.06 during trading on Wednesday, reaching $5.31. 172,942 shares of the company were exchanged, compared to its average volume of 320,603. The company’s 50-day moving average is $4.50 and its two-hundred day moving average is $4.37. The company has a market cap of $229.34 million, a price-to-earnings ratio of 8.84 and a beta of 0.29. The company has a quick ratio of 0.05, a current ratio of 1.04 and a debt-to-equity ratio of 2.31. Sportsman’s Warehouse has a 12-month low of $3.41 and a 12-month high of $6.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $211.80 million for the quarter, compared to analysts’ expectations of $207.31 million. Sportsman’s Warehouse had a return on equity of 27.73% and a net margin of 2.71%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. Equities analysts forecast that Sportsman’s Warehouse will post 0.54 earnings per share for the current year.

Large investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its holdings in shares of Sportsman’s Warehouse by 251.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock valued at $37,000 after acquiring an additional 5,537 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at about $40,000. Flinton Capital Management LLC raised its holdings in shares of Sportsman’s Warehouse by 87.5% in the 2nd quarter. Flinton Capital Management LLC now owns 10,800 shares of the company’s stock valued at $41,000 after acquiring an additional 5,040 shares in the last quarter. Meadow Creek Investment Management LLC raised its holdings in shares of Sportsman’s Warehouse by 87.5% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock valued at $56,000 after acquiring an additional 6,930 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at about $61,000. 92.60% of the stock is currently owned by hedge funds and other institutional investors.

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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