ValuEngine Lowers Sportsman’s Warehouse (NASDAQ:SPWH) to Sell

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ValuEngine cut shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a report released on Friday, ValuEngine reports.

Separately, Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a sell rating to a hold rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average price target of $7.56.

SPWH stock opened at $3.68 on Friday. The firm has a 50-day moving average of $4.13 and a two-hundred day moving average of $4.64. The company has a market cap of $154.73 million, a price-to-earnings ratio of 6.13, a PEG ratio of 0.70 and a beta of 0.21. The company has a current ratio of 1.05, a quick ratio of 0.04 and a debt-to-equity ratio of 2.58. Sportsman’s Warehouse has a 12 month low of $3.41 and a 12 month high of $6.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, May 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.02). The firm had revenue of $174.00 million for the quarter, compared to analyst estimates of $177.48 million. Sportsman’s Warehouse had a return on equity of 34.24% and a net margin of 2.86%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) EPS. As a group, equities analysts forecast that Sportsman’s Warehouse will post 0.51 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Sportsman’s Warehouse by 251.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock worth $37,000 after buying an additional 5,537 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $40,000. Flinton Capital Management LLC boosted its position in shares of Sportsman’s Warehouse by 87.5% during the 2nd quarter. Flinton Capital Management LLC now owns 10,800 shares of the company’s stock worth $41,000 after purchasing an additional 5,040 shares during the period. Virtu Financial LLC purchased a new position in shares of Sportsman’s Warehouse during the 1st quarter worth approximately $71,000. Finally, Meadow Creek Investment Management LLC boosted its position in shares of Sportsman’s Warehouse by 87.5% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock worth $56,000 after purchasing an additional 6,930 shares during the period. Institutional investors and hedge funds own 93.74% of the company’s stock.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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