Sportsman’s Warehouse (NASDAQ:SPWH) Rating Lowered to Hold at Zacks Research

Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings raised shares of Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Sportsman’s Warehouse currently has a consensus rating of “Hold” and a consensus price target of $2.58.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $1.18 on Thursday. The company’s fifty day moving average is $1.24 and its two-hundred day moving average is $1.32. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.18. Sportsman’s Warehouse has a 1-year low of $1.08 and a 1-year high of $3.68. The stock has a market capitalization of $46.04 million, a price-to-earnings ratio of -0.91 and a beta of 0.42.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at approximately $56,000. Centiva Capital LP bought a new stake in shares of Sportsman’s Warehouse during the third quarter valued at approximately $63,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sportsman’s Warehouse during the fourth quarter worth approximately $41,000. SBI Securities Co. Ltd. boosted its position in shares of Sportsman’s Warehouse by 158,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares during the period. Finally, XTX Topco Ltd bought a new position in Sportsman’s Warehouse in the 2nd quarter worth approximately $189,000. 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.