Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Given Average Rating of “Hold” by Brokerages

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) have been assigned an average rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research 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 covered the stock in the last year is $2.5833.

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

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $1.18 on Tuesday. The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. Sportsman’s Warehouse has a 12-month low of $1.08 and a 12-month high of $3.68. The firm’s 50-day moving average price is $1.24 and its 200-day moving average price is $1.32. The stock has a market capitalization of $46.04 million, a price-to-earnings ratio of -0.91 and a beta of 0.42.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.19. 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 $256.08 million during the quarter, compared to analyst estimates of $252.30 million. During the same quarter last year, the business posted ($0.56) earnings per share. On average, equities research analysts anticipate that Sportsman’s Warehouse will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Union Square Park Capital Management LLC raised its stake 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 valued at $3,667,000 after acquiring an additional 222,121 shares during the period. Vanguard Group Inc. grew its holdings in Sportsman’s Warehouse by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after purchasing an additional 46,929 shares during the last quarter. Archon Capital Management LLC grew its holdings in 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 valued at $2,437,000 after purchasing an additional 568,151 shares during the last quarter. Marshall Wace LLP raised its position in Sportsman’s Warehouse by 23.2% in the 2nd quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after purchasing an additional 256,768 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in 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 during the period. 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.