Sportsman’s Warehouse (NASDAQ:SPWH) Lowered to “Hold” at Zacks Investment Research

Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, 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. “

Other equities research analysts have also issued reports about the stock. Robert W. Baird raised their price target on shares of Sportsman’s Warehouse from $7.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, December 5th. ValuEngine lowered shares of Sportsman’s Warehouse from a “sell” rating to a “strong sell” rating in a report on Friday, January 10th. DA Davidson set a $6.00 price target on shares of Sportsman’s Warehouse and gave the company a “buy” rating in a report on Monday, September 23rd. Piper Jaffray Companies reaffirmed an “in-line” rating and set a $11.00 price target (up from $8.00) on shares of Sportsman’s Warehouse in a report on Thursday, December 5th. Finally, Lake Street Capital initiated coverage on shares of Sportsman’s Warehouse in a report on Monday, January 6th. They set a “buy” rating and a $10.50 price target for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $8.67.

Shares of Sportsman’s Warehouse stock traded up $0.14 during trading hours on Wednesday, hitting $6.43. The company’s stock had a trading volume of 31,105 shares, compared to its average volume of 2,367,913. Sportsman’s Warehouse has a 1-year low of $3.41 and a 1-year high of $8.90. The business has a fifty day moving average of $7.79 and a 200 day moving average of $5.79. The company has a market capitalization of $274.51 million, a PE ratio of 10.72 and a beta of 0.39. The company has a quick ratio of 0.04, a current ratio of 1.01 and a debt-to-equity ratio of 2.27.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Wednesday, December 4th. The company reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. The company had revenue of $242.50 million during the quarter, compared to analyst estimates of $235.39 million. Sportsman’s Warehouse had a net margin of 2.43% and a return on equity of 24.83%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, sell-side analysts anticipate that Sportsman’s Warehouse will post 0.45 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC grew its holdings in Sportsman’s Warehouse by 1,692.4% during the 3rd quarter. Millennium Management LLC now owns 382,552 shares of the company’s stock worth $1,981,000 after acquiring an additional 361,209 shares in the last quarter. Boston Partners grew its holdings in Sportsman’s Warehouse by 32.4% during the 3rd quarter. Boston Partners now owns 190,412 shares of the company’s stock worth $986,000 after acquiring an additional 46,612 shares in the last quarter. State Street Corp grew its holdings in Sportsman’s Warehouse by 7.5% during the 3rd quarter. State Street Corp now owns 687,364 shares of the company’s stock worth $3,561,000 after acquiring an additional 47,791 shares in the last quarter. First Trust Advisors LP grew its holdings in Sportsman’s Warehouse by 32.8% during the 3rd quarter. First Trust Advisors LP now owns 91,204 shares of the company’s stock worth $472,000 after acquiring an additional 22,529 shares in the last quarter. Finally, Mackay Shields LLC acquired a new position in Sportsman’s Warehouse during the 3rd quarter worth $91,000. 97.49% 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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