Sportsman’s Warehouse (NASDAQ:SPWH) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) posted its earnings results on Tuesday. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04, FiscalAI reports. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.The company had revenue of $295.58 million for the quarter, compared to the consensus estimate of $295.05 million.

Sportsman’s Warehouse Trading Up 0.8%

SPWH stock traded up $0.01 during trading on Tuesday, hitting $1.20. The company had a trading volume of 1,829,153 shares, compared to its average volume of 528,697. Sportsman’s Warehouse has a 52-week low of $1.08 and a 52-week high of $3.55. The company has a 50 day simple moving average of $1.20 and a 200-day simple moving average of $1.29. The firm has a market capitalization of $46.82 million, a P/E ratio of -0.92 and a beta of 0.42. The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of recent research reports. Zacks Research cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Weiss Ratings downgraded Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Sportsman’s Warehouse presently has a consensus rating of “Hold” and a consensus target price of $2.58.

Institutional Trading of Sportsman’s Warehouse

A number of large investors have recently modified their holdings of the company. Two Sigma Investments LP increased its holdings in Sportsman’s Warehouse by 7.4% during the 3rd quarter. Two Sigma Investments LP now owns 587,674 shares of the company’s stock worth $1,628,000 after purchasing an additional 40,492 shares during the period. Bridgeway Capital Management LLC increased its stake in shares of Sportsman’s Warehouse by 124.3% during the third quarter. Bridgeway Capital Management LLC now owns 486,036 shares of the company’s stock valued at $1,346,000 after buying an additional 269,389 shares during the period. Manatuck Hill Partners LLC bought a new stake in shares of Sportsman’s Warehouse in the second quarter valued at about $1,229,000. Bank of America Corp DE lifted its stake in Sportsman’s Warehouse by 70.6% in the second quarter. Bank of America Corp DE now owns 286,712 shares of the company’s stock worth $989,000 after acquiring an additional 118,666 shares during the period. Finally, Quinn Opportunity Partners LLC grew its holdings in Sportsman’s Warehouse by 54.2% during the 4th quarter. Quinn Opportunity Partners LLC now owns 497,781 shares of the company’s stock worth $727,000 after acquiring an additional 175,000 shares in the last quarter. Hedge funds and other 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.