Q2 2020 EPS Estimates for Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) Lowered by DA Davidson

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) – Analysts at DA Davidson decreased their Q2 2020 earnings per share (EPS) estimates for shares of Sportsman’s Warehouse in a research report issued on Thursday, March 28th, Zacks Investment Research reports. DA Davidson analyst M. Kawamoto now forecasts that the company will earn $0.17 per share for the quarter, down from their prior estimate of $0.21. DA Davidson also issued estimates for Sportsman’s Warehouse’s Q3 2020 earnings at $0.28 EPS, Q4 2020 earnings at $0.24 EPS, FY2020 earnings at $0.60 EPS and FY2021 earnings at $0.68 EPS.

A number of other research firms have also recently weighed in on SPWH. Piper Jaffray Companies raised shares of Sportsman’s Warehouse from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $6.00 to $8.00 in a research note on Friday, January 18th. ValuEngine upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Friday. Finally, BidaskClub lowered shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $7.56.

Shares of NASDAQ:SPWH traded down $0.04 on Monday, reaching $4.87. 156,527 shares of the company were exchanged, compared to its average volume of 307,064. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.35. Sportsman’s Warehouse has a 1-year low of $4.04 and a 1-year high of $6.69. The stock has a market cap of $211.03 million, a PE ratio of 8.12, a price-to-earnings-growth ratio of 0.86 and a beta of 0.08.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Thursday, March 28th. The company reported $0.25 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.25. Sportsman’s Warehouse had a net margin of 2.80% and a return on equity of 41.69%. The business had revenue of $242.70 million for the quarter, compared to analysts’ expectations of $242.43 million. The firm’s revenue for the quarter was down .2% on a year-over-year basis.

Several institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in shares of Sportsman’s Warehouse by 1.3% in the 4th quarter. Prudential Financial Inc. now owns 155,896 shares of the company’s stock worth $683,000 after buying an additional 2,046 shares in the last quarter. First Trust Advisors LP lifted its holdings in Sportsman’s Warehouse by 18.7% in the 4th quarter. First Trust Advisors LP now owns 68,108 shares of the company’s stock valued at $298,000 after purchasing an additional 10,717 shares in the last quarter. Bank of America Corp DE lifted its holdings in Sportsman’s Warehouse by 78.1% in the 4th quarter. Bank of America Corp DE now owns 28,793 shares of the company’s stock valued at $127,000 after purchasing an additional 12,622 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Sportsman’s Warehouse by 64.6% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,450 shares of the company’s stock valued at $160,000 after purchasing an additional 14,300 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Sportsman’s Warehouse in the 1st quarter valued at about $71,000. Institutional investors and hedge funds own 91.77% of the company’s stock.

Sportsman’s Warehouse Company Profile

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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Earnings History and Estimates for Sportsman`s Warehouse (NASDAQ:SPWH)

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