Sportsman’s Warehouse (NASDAQ:SPWH) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Sportsman’s Warehouse (NASDAQ:SPWH – Get Rating) posted its earnings results on Tuesday. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.06, MarketWatch Earnings reports. Sportsman’s Warehouse had a return on equity of 30.22% and a net margin of 7.20%. The firm had revenue of $309.51 million for the quarter, compared to analyst estimates of $306.17 million. During the same quarter in the prior year, the company earned $0.28 EPS. Sportsman’s Warehouse’s revenue was down 5.3% on a year-over-year basis. Sportsman’s Warehouse updated its Q2 2022 guidance to $0.22-$0.30 EPS and its Q2 guidance to $0.22-0.30 EPS.

Shares of SPWH traded down $0.13 during mid-day trading on Tuesday, reaching $9.46. The company’s stock had a trading volume of 1,183,186 shares, compared to its average volume of 975,360. Sportsman’s Warehouse has a 12-month low of $8.55 and a 12-month high of $18.05. The stock has a market cap of $415.10 million, a PE ratio of 3.89 and a beta of 0.97. The company’s 50 day moving average is $10.23 and its 200 day moving average is $11.52.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new position in shares of Sportsman’s Warehouse in the 1st quarter valued at about $52,000. Point72 Hong Kong Ltd grew its stake in Sportsman’s Warehouse by 535.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 7,427 shares of the company’s stock worth $79,000 after buying an additional 6,258 shares during the last quarter. Royal Bank of Canada grew its stake in Sportsman’s Warehouse by 62.1% during the 2nd quarter. Royal Bank of Canada now owns 4,618 shares of the company’s stock worth $82,000 after buying an additional 1,770 shares during the last quarter. Teton Advisors Inc. grew its stake in Sportsman’s Warehouse by 50.0% during the 1st quarter. Teton Advisors Inc. now owns 15,000 shares of the company’s stock worth $160,000 after buying an additional 5,000 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Sportsman’s Warehouse during the 1st quarter worth approximately $201,000.

Several equities analysts recently issued reports on the company. Zacks Investment Research raised Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, April 5th. TheStreet lowered Sportsman’s Warehouse from a “b-” rating to a “c” rating in a research report on Wednesday, February 9th. B. Riley initiated coverage on Sportsman’s Warehouse in a research report on Tuesday, May 17th. They issued a “buy” rating and a $14.00 price target on the stock. StockNews.com initiated coverage on Sportsman’s Warehouse in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Piper Sandler increased their price target on Sportsman’s Warehouse from $11.00 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, March 30th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $15.60.

Sportsman’s Warehouse Company Profile (Get Rating)

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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