Sportsman’s Warehouse (NASDAQ:SPWH) Releases Earnings Results, Meets Estimates

Sportsman’s Warehouse (NASDAQ:SPWH) released its quarterly earnings data on Thursday, March 28th. The company reported $0.25 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.25, Fidelity Earnings reports. Sportsman’s Warehouse had a return on equity of 41.69% and a net margin of 2.80%. The business had revenue of $242.70 million during the quarter, compared to analyst estimates of $242.43 million. The company’s revenue was down .2% compared to the same quarter last year.

NASDAQ:SPWH traded down $0.01 during trading hours on Friday, hitting $4.89. The company’s stock had a trading volume of 152,361 shares, compared to its average volume of 279,080. The firm has a market capitalization of $210.17 million, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.84 and a beta of 0.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.22 and a quick ratio of 0.07. Sportsman’s Warehouse has a 52-week low of $4.04 and a 52-week high of $6.69.

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Sportsman’s Warehouse in the first quarter valued at $71,000. O Shaughnessy Asset Management LLC acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at $72,000. Jane Street Group LLC acquired a new position in Sportsman’s Warehouse in the third quarter valued at $102,000. Bank of America Corp DE boosted its stake in Sportsman’s Warehouse by 78.1% in the fourth quarter. Bank of America Corp DE now owns 28,793 shares of the company’s stock valued at $127,000 after acquiring an additional 12,622 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Sportsman’s Warehouse in the third quarter valued at $130,000. 91.77% of the stock is currently owned by hedge funds and other institutional investors.

SPWH has been the topic of a number of recent analyst reports. ValuEngine upgraded Sportsman’s Warehouse from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Piper Jaffray Companies upgraded 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. BidaskClub cut Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research cut Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research note on Saturday, March 30th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.56.

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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 for Sportsman`s Warehouse (NASDAQ:SPWH)

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