Sportsman’s Warehouse (NASDAQ:SPWH) Posts Earnings Results, Beats Expectations By $0.19 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) issued its quarterly earnings data on Tuesday. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.19, FiscalAI reports. The firm had revenue of $256.08 million during the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.14% and a negative return on equity of 10.30%.

Sportsman’s Warehouse Trading Up 3.3%

NASDAQ SPWH traded up $0.05 on Tuesday, hitting $1.43. 353,725 shares of the stock were exchanged, compared to its average volume of 256,817. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.10 and a current ratio of 1.36. The stock has a fifty day moving average price of $1.39 and a two-hundred day moving average price of $1.47. The firm has a market capitalization of $55.51 million, a P/E ratio of -1.06 and a beta of 0.43. Sportsman’s Warehouse has a 52-week low of $1.08 and a 52-week high of $4.33.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SPWH shares. Wall Street Zen raised Sportsman’s Warehouse from a “strong sell” rating to a “sell” rating in a research note on Monday, April 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $2.94.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. Manatuck Hill Partners LLC purchased a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $1,229,000. Bank of America Corp DE increased its position in shares of Sportsman’s Warehouse by 70.6% during the 2nd quarter. Bank of America Corp DE now owns 286,712 shares of the company’s stock worth $989,000 after purchasing an additional 118,666 shares during the last quarter. Quinn Opportunity Partners LLC boosted its stake in shares of Sportsman’s Warehouse by 54.2% in the 4th quarter. Quinn Opportunity Partners LLC now owns 497,781 shares of the company’s stock valued at $727,000 after buying an additional 175,000 shares during the period. Jane Street Group LLC lifted its stake in Sportsman’s Warehouse by 37.9% during the second quarter. Jane Street Group LLC now owns 102,328 shares of the company’s stock worth $353,000 after purchasing an additional 28,100 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Sportsman’s Warehouse by 30.6% during the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock worth $317,000 after buying an additional 74,601 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.