Zacks Research Upgrades Sportsman’s Warehouse (NASDAQ:SPWH) to Strong-Buy

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Several other brokerages also recently weighed in on SPWH. Weiss Ratings raised Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $2.58.

Sportsman’s Warehouse Stock Down 4.7%

Sportsman’s Warehouse stock opened at $1.23 on Wednesday. Sportsman’s Warehouse has a twelve month low of $1.08 and a twelve month high of $3.87. The stock has a 50 day moving average of $1.31 and a two-hundred day moving average of $1.36. The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $47.99 million, a price-to-earnings ratio of -0.95 and a beta of 0.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, June 2nd. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.19. The business had revenue of $256.08 million for the quarter, compared to analyst estimates of $252.30 million. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.During the same quarter in the previous year, the company posted ($0.56) earnings per share. As a group, research analysts expect that Sportsman’s Warehouse will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Empowered Funds LLC raised its stake in shares of Sportsman’s Warehouse by 5.6% during the 1st quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after buying an additional 10,837 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of Sportsman’s Warehouse in the first quarter valued at approximately $170,000. Union Square Park Capital Management LLC boosted its stake in shares of Sportsman’s Warehouse by 9.3% in the first quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock valued at $3,667,000 after buying an additional 222,121 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Sportsman’s Warehouse by 125.9% during the first quarter. Renaissance Technologies LLC now owns 484,300 shares of the company’s stock worth $683,000 after acquiring an additional 269,930 shares during the period. Finally, Teton Advisors LLC grew its holdings in Sportsman’s Warehouse by 14.3% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $113,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.