Wall Street Zen Upgrades Sportsman’s Warehouse (NASDAQ:SPWH) to Hold

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other brokerages have also weighed in on SPWH. Lake Street Capital increased their target price on Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, September 5th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Robert W. Baird cut their target price on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a research report on Friday, December 5th. Finally, Roth Capital decreased their price target on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research report on Friday, December 5th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $2.88.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $1.46 on Friday. The firm has a market capitalization of $56.18 million, a P/E ratio of -1.51 and a beta of 0.57. The firm’s fifty day moving average price is $1.90 and its two-hundred day moving average price is $2.70. Sportsman’s Warehouse has a 1 year low of $0.92 and a 1 year high of $4.33. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.21.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. The company had revenue of $331.32 million during the quarter, compared to analyst estimates of $331.11 million. As a group, research analysts anticipate that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors and hedge funds have recently modified their holdings of SPWH. Mink Brook Asset Management LLC increased its stake in shares of Sportsman’s Warehouse by 1,448.2% during the 3rd quarter. Mink Brook Asset Management LLC now owns 238,144 shares of the company’s stock worth $660,000 after purchasing an additional 222,762 shares during the last quarter. Centiva Capital LP bought a new position in Sportsman’s Warehouse during the third quarter valued at $63,000. Two Sigma Investments LP increased its position in Sportsman’s Warehouse by 7.4% in the third quarter. Two Sigma Investments LP now owns 587,674 shares of the company’s stock worth $1,628,000 after buying an additional 40,492 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Sportsman’s Warehouse by 124.3% in the third quarter. Bridgeway Capital Management LLC now owns 486,036 shares of the company’s stock valued at $1,346,000 after buying an additional 269,389 shares during the period. Finally, Union Square Park Capital Management LLC raised its stake in shares of Sportsman’s Warehouse by 11.4% in the third quarter. Union Square Park Capital Management LLC now owns 1,782,023 shares of the company’s stock valued at $4,936,000 after buying an additional 182,023 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.