Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday.
A number of other equities research analysts have also recently commented on the stock. DA Davidson lifted their price target on shares of Sportsman’s Warehouse from $7.00 to $8.00 and gave the stock a “buy” rating in a report on Tuesday. Zacks Investment Research cut shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Credit Suisse Group lifted their price target on shares of Sportsman’s Warehouse from $6.00 to $7.50 and gave the stock an “outperform” rating in a report on Friday, August 24th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $5.89.
Sportsman’s Warehouse stock opened at $5.85 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.06 and a debt-to-equity ratio of 0.58. The company has a market cap of $255.48 million, a price-to-earnings ratio of 11.70, a PEG ratio of 0.99 and a beta of -0.57. Sportsman’s Warehouse has a 52 week low of $3.66 and a 52 week high of $6.99.
Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Thursday, August 23rd. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. The company had revenue of $203.30 million for the quarter, compared to analysts’ expectations of $203.27 million. Sportsman’s Warehouse had a net margin of 1.94% and a return on equity of 45.86%. Sportsman’s Warehouse’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 EPS. sell-side analysts expect that Sportsman’s Warehouse will post 0.6 earnings per share for the current fiscal year.
In related news, Director Seidler Kutsenda Management Co sold 30,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Friday, July 13th. The shares were sold at an average price of $5.26, for a total value of $157,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 3,669,652 shares of company stock worth $18,328,677 in the last ninety days. 2.20% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. A.R.T. Advisors LLC purchased a new position in Sportsman’s Warehouse in the 1st quarter valued at approximately $164,000. Barclays PLC grew its stake in Sportsman’s Warehouse by 673.1% in the 1st quarter. Barclays PLC now owns 44,382 shares of the company’s stock valued at $181,000 after buying an additional 38,641 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Sportsman’s Warehouse in the 2nd quarter valued at approximately $236,000. Wedge Capital Management L L P NC purchased a new position in Sportsman’s Warehouse in the 2nd quarter valued at approximately $366,000. Finally, Perkins Capital Management Inc. purchased a new position in Sportsman’s Warehouse in the 2nd quarter valued at approximately $474,000. Institutional investors and hedge funds own 86.68% 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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