Sportsman’s Warehouse (NASDAQ:SPWH) Stock Rating Lowered by Wall Street Zen
by Jessica Moore · The Cerbat GemSportsman’s Warehouse (NASDAQ:SPWH – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
A number of other research analysts have also weighed in on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Robert W. Baird cut their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Roth Mkm reduced their price objective on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research report on Friday, December 5th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sportsman’s Warehouse currently has an average rating of “Hold” and an average target price of $2.94.
View Our Latest Stock Analysis on Sportsman’s Warehouse
Sportsman’s Warehouse Stock Performance
Shares of NASDAQ:SPWH opened at $1.28 on Friday. Sportsman’s Warehouse has a 52-week low of $1.08 and a 52-week high of $4.33. The company has a market capitalization of $49.66 million, a P/E ratio of -0.98 and a beta of 0.46. The company has a 50-day simple moving average of $1.32 and a 200 day simple moving average of $1.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.06 and a current ratio of 1.36.
Sportsman’s Warehouse (NASDAQ:SPWH – Get Free Report) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The business had revenue of $334.86 million for the quarter, compared to analyst estimates of $334.89 million. Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%. Sell-side analysts forecast that Sportsman’s Warehouse will post -0.65 earnings per share for the current year.
Hedge Funds Weigh In On Sportsman’s Warehouse
Institutional investors and hedge funds have recently made changes to their positions in the company. Union Square Park Capital Management LLC lifted its holdings in Sportsman’s Warehouse by 33.5% during the 4th quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock worth $3,473,000 after purchasing an additional 596,658 shares during the last quarter. Vanguard Group Inc. grew its holdings in Sportsman’s Warehouse by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after buying an additional 46,929 shares in the last quarter. Archon Capital Management LLC grew its holdings in Sportsman’s Warehouse by 51.6% in the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock valued at $2,437,000 after buying an additional 568,151 shares in the last quarter. Marshall Wace LLP increased its position in Sportsman’s Warehouse by 23.2% during the 2nd quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after buying an additional 256,768 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Sportsman’s Warehouse by 12.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock worth $3,382,000 after buying an additional 138,213 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.
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.