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

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday, ValuEngine reports.

Separately, Zacks Investment Research raised Icon from a “hold” rating to a “buy” rating and set a $157.00 price objective on the stock in a report on Thursday, May 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Sportsman’s Warehouse presently has an average rating of “Hold” and a consensus price target of $7.56.

Shares of SPWH stock traded up $0.15 during mid-day trading on Friday, hitting $4.55. 234,600 shares of the stock were exchanged, compared to its average volume of 269,480. The firm’s fifty day moving average price is $3.86. The company has a market capitalization of $179.72 million, a PE ratio of 7.58, a price-to-earnings-growth ratio of 0.81 and a beta of 0.28. Sportsman’s Warehouse has a 12-month low of $3.41 and a 12-month high of $6.69. The company has a quick ratio of 0.04, a current ratio of 1.05 and a debt-to-equity ratio of 2.58.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Thursday, May 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.02). The firm had revenue of $174.00 million for the quarter, compared to analysts’ expectations of $177.48 million. Sportsman’s Warehouse had a return on equity of 34.24% and a net margin of 2.86%. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.08) EPS. As a group, analysts anticipate that Sportsman’s Warehouse will post 0.51 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its holdings in shares of Sportsman’s Warehouse by 251.1% during the first quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock worth $37,000 after purchasing an additional 5,537 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of Sportsman’s Warehouse during the first quarter worth about $71,000. BerganKDV Wealth Management LLC purchased a new position in shares of Sportsman’s Warehouse during the first quarter worth about $120,000. Bank of America Corp DE grew its holdings in shares of Sportsman’s Warehouse by 78.1% during the fourth quarter. Bank of America Corp DE now owns 28,793 shares of the company’s stock worth $127,000 after buying an additional 12,622 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Sportsman’s Warehouse by 64.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 36,450 shares of the company’s stock worth $160,000 after buying an additional 14,300 shares during the last quarter. 93.39% of the stock is currently owned by institutional investors.

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.

Further Reading: Market Capitalization in the Stock Market

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