Sportsman’s Warehouse (NASDAQ:SPWH) Issues Earnings Results, Misses Estimates By $0.01 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) announced its quarterly earnings data on Thursday. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01), FiscalAI reports. The firm had revenue of $331.32 million for the quarter, compared to analyst estimates of $331.11 million. Sportsman’s Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%.

Sportsman’s Warehouse Trading Up 1.7%

Shares of SPWH stock traded up $0.04 during trading hours on Thursday, hitting $2.45. 1,133,185 shares of the company’s stock traded hands, compared to its average volume of 1,070,459. The stock has a market cap of $94.15 million, a PE ratio of -2.50 and a beta of 0.60. The stock’s 50 day simple moving average is $2.47 and its 200 day simple moving average is $2.89. The company has a quick ratio of 0.06, a current ratio of 1.19 and a debt-to-equity ratio of 0.21. Sportsman’s Warehouse has a 12 month low of $0.92 and a 12 month high of $4.33.

Insider Activity at Sportsman’s Warehouse

In related news, Director Michael D. Tucci bought 50,000 shares of the stock in a transaction that occurred on Friday, October 3rd. The stock was acquired at an average cost of $2.81 per share, with a total value of $140,500.00. Following the transaction, the director directly owned 73,113 shares in the company, valued at approximately $205,447.53. This trade represents a 216.33% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Mcbee bought 25,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The shares were bought at an average cost of $2.47 per share, for a total transaction of $61,750.00. Following the completion of the acquisition, the director directly owned 364,886 shares in the company, valued at approximately $901,268.42. This trade represents a 7.36% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 143,279 shares of company stock worth $390,609 over the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Vanguard Group Inc. lifted its position in shares of Sportsman’s Warehouse by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after acquiring an additional 46,929 shares during the period. Marshall Wace LLP increased its holdings in Sportsman’s Warehouse by 23.2% during the second quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after buying an additional 256,768 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Sportsman’s Warehouse by 12.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock worth $3,382,000 after purchasing an additional 138,213 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Sportsman’s Warehouse by 16.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,039,101 shares of the company’s stock valued at $2,879,000 after purchasing an additional 148,661 shares during the period. Finally, JPMorgan Chase & Co. grew its position in Sportsman’s Warehouse by 123.4% in the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock worth $2,569,000 after acquiring an additional 411,295 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on SPWH shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday. Lake Street Capital increased their target price on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sportsman’s Warehouse has an average rating of “Moderate Buy” and a consensus target price of $3.45.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.