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

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

Sportsman’s Warehouse Stock Up 3.3%

Shares of NASDAQ SPWH traded up $0.05 during midday trading on Tuesday, hitting $1.43. 353,725 shares of the company’s stock were exchanged, compared to its average volume of 256,817. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.36 and a quick ratio of 0.10. Sportsman’s Warehouse has a twelve month low of $1.08 and a twelve month high of $4.33. The company has a market cap of $55.51 million, a PE ratio of -1.10 and a beta of 0.43. The firm’s fifty day simple moving average is $1.39 and its 200-day simple moving average is $1.47.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. Arrowstreet Capital Limited Partnership raised its position in shares of Sportsman’s Warehouse by 245.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock worth $3,736,000 after acquiring an additional 769,051 shares in the last quarter. Archon Capital Management LLC raised its position in shares of Sportsman’s Warehouse by 51.6% during the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after acquiring an additional 568,151 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sportsman’s Warehouse by 123.4% during the 2nd 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. Manatuck Hill Partners LLC acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth about $1,229,000. Finally, Bridgeway Capital Management LLC raised its position in shares of Sportsman’s Warehouse by 124.3% during the 3rd quarter. Bridgeway Capital Management LLC now owns 486,036 shares of the company’s stock worth $1,346,000 after acquiring an additional 269,389 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.