Sportsman’s Warehouse (SPWH) Upgraded to “Hold” by ValuEngine

ValuEngine upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report sent to investors on Thursday, April 4th, ValuEngine reports.

SPWH has been the subject of a number of other research reports. Zacks Investment Research cut Sportsman’s Warehouse from a hold rating to a sell rating in a report on Saturday, March 30th. BidaskClub lowered Sportsman’s Warehouse from a strong-buy rating to a buy rating in a research report on Friday, March 1st. Finally, Piper Jaffray Companies raised 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 report on Friday, January 18th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $7.56.

NASDAQ SPWH traded down $0.05 during trading on Thursday, hitting $4.66. 168,229 shares of the stock traded hands, compared to its average volume of 263,587. The stock has a market capitalization of $200.28 million, a PE ratio of 7.77, a P/E/G ratio of 0.81 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 12-month low of $4.04 and a 12-month high of $6.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Thursday, March 28th. The company reported $0.25 earnings per share for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $242.70 million during the quarter, compared to analysts’ expectations of $242.43 million. Sportsman’s Warehouse had a return on equity of 41.69% and a net margin of 2.80%. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts anticipate that Sportsman’s Warehouse will post 0.58 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Prudential Financial Inc. boosted its holdings in Sportsman’s Warehouse by 1.3% in the fourth quarter. Prudential Financial Inc. now owns 155,896 shares of the company’s stock valued at $683,000 after purchasing an additional 2,046 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Sportsman’s Warehouse by 251.1% in the first quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock valued at $37,000 after purchasing an additional 5,537 shares during the period. First Trust Advisors LP raised its stake in Sportsman’s Warehouse by 18.7% in the fourth quarter. First Trust Advisors LP now owns 68,108 shares of the company’s stock valued at $298,000 after buying an additional 10,717 shares in the last quarter. Bank of America Corp DE raised 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 buying an additional 12,622 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in Sportsman’s Warehouse by 64.6% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,450 shares of the company’s stock valued at $160,000 after buying an additional 14,300 shares in the last quarter. Institutional investors and hedge funds own 91.81% 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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