Sportsman's Warehouse Holdings Inc (SPWH) Stock Price Down 7.8% Following Weak Earnings

Shares of Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH) fell 7.8% during trading on Friday following a weaker than expected earnings announcement. The stock traded as low as $4.14 and last traded at $4.64, with a volume of 7,377,953 shares. The stock had previously closed at $5.03.

The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.01. Sportsman's Warehouse Holdings had a net margin of 3.96% and a return on equity of 564.51%. The business had revenue of $221.40 million for the quarter, compared to analysts’ expectations of $227.73 million. During the same quarter last year, the firm earned $0.27 EPS. The firm’s quarterly revenue was up 6.2% on a year-over-year basis.

Several brokerages have issued reports on SPWH. Forward View upgraded Sportsman's Warehouse Holdings from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Thursday, January 5th. Zacks Investment Research raised shares of Sportsman's Warehouse Holdings from a “sell” rating to a “hold” rating in a research note on Saturday, January 7th. Credit Suisse Group AG decreased their price target on shares of Sportsman's Warehouse Holdings from $16.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, February 6th. Piper Jaffray Companies decreased their price target on shares of Sportsman's Warehouse Holdings from $14.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday, February 7th. Finally, Goldman Sachs Group Inc downgraded shares of Sportsman's Warehouse Holdings from a “buy” rating to a “neutral” rating and decreased their price target for the company from $8.50 to $6.50 in a research note on Sunday, March 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $8.19.

Several institutional investors have recently modified their holdings of the company. Kirr Marbach & Co. LLC IN increased its position in shares of Sportsman's Warehouse Holdings by 65.9% in the first quarter. Kirr Marbach & Co. LLC IN now owns 40,100 shares of the company’s stock worth $192,000 after buying an additional 15,925 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Sportsman's Warehouse Holdings by 71.1% in the first quarter. Skylands Capital LLC now owns 344,400 shares of the company’s stock worth $1,646,000 after buying an additional 143,100 shares during the period. Peregrine Capital Management LLC raised its stake in shares of Sportsman's Warehouse Holdings by 3.2% in the first quarter. Peregrine Capital Management LLC now owns 1,222,121 shares of the company’s stock worth $5,720,000 after buying an additional 38,144 shares during the period. Macquarie Group Ltd. raised its stake in shares of Sportsman's Warehouse Holdings by 14.5% in the fourth quarter. Macquarie Group Ltd. now owns 103,889 shares of the company’s stock worth $976,000 after buying an additional 13,118 shares during the period. Finally, Highbridge Capital Management LLC raised its stake in shares of Sportsman's Warehouse Holdings by 139.6% in the fourth quarter. Highbridge Capital Management LLC now owns 376,316 shares of the company’s stock worth $3,533,000 after buying an additional 219,250 shares during the period. 80.41% of the stock is currently owned by institutional investors and hedge funds.

The company has a market cap of $186.40 million, a PE ratio of 6.39 and a beta of -0.55. The firm’s 50 day moving average price is $4.58 and its 200 day moving average price is $7.52.

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About Sportsman's Warehouse Holdings

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.