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

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

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2.94.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $1.58 on Monday. Sportsman’s Warehouse has a fifty-two week low of $1.08 and a fifty-two week high of $4.33. The stock has a market cap of $61.54 million, a price-to-earnings ratio of -1.22 and a beta of 0.46. The business has a fifty day moving average of $1.35 and a 200-day moving average of $1.71. The company has a quick ratio of 0.10, a current ratio of 1.36 and a debt-to-equity ratio of 0.24.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $334.86 million during the quarter, compared to analyst estimates of $334.89 million. Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%. As a group, analysts predict that Sportsman’s Warehouse will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd purchased a new position in Sportsman’s Warehouse in the fourth quarter valued at about $41,000. SBI Securities Co. Ltd. boosted its holdings in Sportsman’s Warehouse by 158,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock valued at $46,000 after purchasing an additional 31,700 shares during the last quarter. Prudential Financial Inc. acquired a new stake in Sportsman’s Warehouse during the second quarter valued at approximately $56,000. Centiva Capital LP acquired a new stake in Sportsman’s Warehouse during the third quarter valued at approximately $63,000. Finally, Greenwood Gearhart Inc. raised its stake in Sportsman’s Warehouse by 47.9% during the fourth quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock valued at $121,000 after buying an additional 26,785 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.