Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Receives Average Recommendation of “Hold” from Brokerages

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) has received a consensus rating of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $2.5833.

SPWH has been the topic of several research analyst reports. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. Finally, Zacks Research lowered shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Sportsman’s Warehouse by 30.6% in the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock valued at $317,000 after buying an additional 74,601 shares during the period. Acadian Asset Management LLC grew its holdings in Sportsman’s Warehouse by 217.1% during the first quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock worth $214,000 after acquiring an additional 148,296 shares during the period. JPMorgan Chase & Co. grew its holdings in Sportsman’s Warehouse by 123.4% during the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock worth $2,569,000 after acquiring an additional 411,295 shares during the period. Prudential Financial Inc. bought a new stake in Sportsman’s Warehouse in the second quarter worth about $56,000. Finally, XTX Topco Ltd bought a new stake in Sportsman’s Warehouse in the second quarter worth about $189,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Trading Up 1.8%

NASDAQ:SPWH opened at $1.16 on Friday. Sportsman’s Warehouse has a 1 year low of $1.08 and a 1 year high of $3.55. The stock has a market cap of $45.26 million, a price-to-earnings ratio of -0.89 and a beta of 0.42. The business has a fifty day moving average of $1.20 and a 200-day moving average of $1.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.18.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.19. The company had revenue of $256.08 million for the quarter, compared to analyst estimates 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 last year, the company earned ($0.56) earnings per share. Equities analysts predict that Sportsman’s Warehouse will post -0.34 earnings per share for the current year.

About Sportsman’s Warehouse

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.