Sportsman’s Warehouse (NASDAQ:SPWH) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a strong-buy rating to a hold rating in a research note released on Thursday morning,Zacks.com reports.

A number of other brokerages have also weighed in on SPWH. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings upgraded Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $2.58.

Sportsman’s Warehouse Price Performance

SPWH stock opened at $1.18 on Thursday. Sportsman’s Warehouse has a twelve month low of $1.08 and a twelve month high of $3.68. The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm has a market cap of $46.04 million, a PE ratio of -0.91 and a beta of 0.42. The business has a 50 day moving average of $1.24 and a 200 day moving average of $1.32.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.19. The firm had revenue of $256.08 million for the quarter, compared to analysts’ expectations of $252.30 million. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.During the same period in the prior year, the firm posted ($0.56) earnings per share. On average, research analysts forecast that Sportsman’s Warehouse will post -0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors have recently made changes to their positions in the business. Union Square Park Capital Management LLC boosted its holdings in shares of Sportsman’s Warehouse by 9.3% in the first quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock worth $3,667,000 after buying an additional 222,121 shares during the last quarter. Vanguard Group Inc. raised its position in Sportsman’s Warehouse by 2.7% in the third quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock worth $4,899,000 after acquiring an additional 46,929 shares during the period. Archon Capital Management LLC boosted its stake in shares of Sportsman’s Warehouse by 51.6% during the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after acquiring an additional 568,151 shares during the last quarter. Marshall Wace LLP grew its position in shares of Sportsman’s Warehouse by 23.2% during the 2nd quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock valued at $4,696,000 after acquiring an additional 256,768 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of Sportsman’s Warehouse by 12.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock worth $3,382,000 after purchasing an additional 138,213 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.