Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Consensus Rating of “Hold” from Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $2.5833.

SPWH has been the topic of a number of recent research reports. Weiss Ratings cut Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. Zacks Research cut Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th.

Sportsman’s Warehouse Trading Up 1.8%

Shares of NASDAQ:SPWH opened at $1.16 on Friday. The stock has a market capitalization of $45.26 million, a price-to-earnings ratio of -0.89 and a beta of 0.42. Sportsman’s Warehouse has a 1-year low of $1.08 and a 1-year high of $3.55. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.18. The company has a 50 day moving average price of $1.20 and a 200 day moving average price of $1.30.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPWH. Prudential Financial Inc. purchased a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $56,000. Two Sigma Securities LLC purchased a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $25,000. Centiva Capital LP purchased a new position in Sportsman’s Warehouse during the 3rd quarter worth approximately $63,000. Dynamic Technology Lab Private Ltd acquired a new stake in Sportsman’s Warehouse during the 4th quarter valued at $41,000. Finally, SBI Securities Co. Ltd. raised its stake in Sportsman’s Warehouse by 158,500.0% during the 4th 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 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.