Q1 2021 EPS Estimates for Sportsman’s Warehouse Holdings Inc Raised by Piper Jaffray Companies (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) – Equities researchers at Piper Jaffray Companies upped their Q1 2021 earnings estimates for Sportsman’s Warehouse in a report issued on Wednesday, December 4th. Piper Jaffray Companies analyst P. Keith now forecasts that the company will post earnings per share of ($0.14) for the quarter, up from their prior forecast of ($0.15). Piper Jaffray Companies currently has a “In-Line” rating and a $11.00 price target on the stock.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Wednesday, December 4th. The company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. The firm had revenue of $242.50 million for the quarter, compared to the consensus estimate of $235.39 million. Sportsman’s Warehouse had a net margin of 2.43% and a return on equity of 26.06%. The company’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share.

A number of other research analysts have also weighed in on SPWH. Robert W. Baird boosted their target price on Sportsman’s Warehouse from $7.00 to $8.00 and gave the stock a “hold” rating in a report on Thursday. BidaskClub raised Sportsman’s Warehouse from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 13th. ValuEngine raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. DA Davidson set a $6.00 price objective on Sportsman’s Warehouse and gave the stock a “buy” rating in a research report on Monday, September 23rd. 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 research note on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sportsman’s Warehouse has a consensus rating of “Buy” and an average target price of $7.38.

SPWH stock opened at $8.20 on Monday. The company has a market cap of $348.00 million, a price-to-earnings ratio of 13.67 and a beta of 0.36. 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 has a 12 month low of $3.41 and a 12 month high of $8.82. The firm has a 50-day moving average of $7.05 and a two-hundred day moving average of $4.99.

Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in Sportsman’s Warehouse during the third quarter worth about $26,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $40,000. Flinton Capital Management LLC increased its holdings in shares of Sportsman’s Warehouse by 87.5% during the 2nd quarter. Flinton Capital Management LLC now owns 10,800 shares of the company’s stock worth $41,000 after buying an additional 5,040 shares during the last quarter. Meadow Creek Investment Management LLC increased its holdings in shares of Sportsman’s Warehouse by 87.5% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock worth $56,000 after buying an additional 6,930 shares during the last quarter. Finally, Weiss Asset Management LP acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $61,000. Hedge funds and other institutional investors own 97.47% of the company’s stock.

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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Earnings History and Estimates for Sportsman`s Warehouse (NASDAQ:SPWH)

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