StockNews.com Lowers Sportsman’s Warehouse (NASDAQ:SPWH) to Sell

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Other analysts also recently issued research reports about the stock. TheStreet downgraded shares of Sportsman’s Warehouse from a “b-” rating to a “c” rating in a report on Wednesday, February 9th. Zacks Investment Research cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 1st. B. Riley assumed coverage on shares of Sportsman’s Warehouse in a research note on Tuesday, May 17th. They issued a “buy” rating and a $14.00 price objective for the company. Craig Hallum cut their price target on Sportsman’s Warehouse from $20.00 to $15.00 in a research report on Wednesday, June 1st. Finally, Piper Sandler cut their price target on Sportsman’s Warehouse from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.67.

SPWH traded up $0.22 on Thursday, reaching $9.44. 772,097 shares of the company’s stock were exchanged, compared to its average volume of 987,541. The stock’s fifty day moving average price is $9.90 and its 200-day moving average price is $11.15. Sportsman’s Warehouse has a twelve month low of $8.46 and a twelve month high of $17.96. The stock has a market cap of $416.50 million, a PE ratio of 4.20 and a beta of 0.96.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last announced its quarterly earnings results on Tuesday, May 31st. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.06. Sportsman’s Warehouse had a net margin of 6.72% and a return on equity of 23.75%. The business had revenue of $309.51 million during the quarter, compared to the consensus estimate of $306.17 million. During the same quarter last year, the firm earned $0.28 EPS. The business’s revenue was down 5.3% compared to the same quarter last year. Analysts expect that Sportsman’s Warehouse will post 1.22 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Gabelli Funds LLC boosted its position in Sportsman’s Warehouse by 46.4% during the 4th quarter. Gabelli Funds LLC now owns 1,039,679 shares of the company’s stock worth $12,268,000 after purchasing an additional 329,751 shares during the period. First Eagle Investment Management LLC acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth about $826,000. Union Square Park Capital Management LLC acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth about $3,245,000. Macquarie Group Ltd. acquired a new stake in shares of Sportsman’s Warehouse in the third quarter valued at approximately $27,000. Finally, Maverick Capital Ltd. increased its stake in shares of Sportsman’s Warehouse by 53.9% in the third quarter. Maverick Capital Ltd. now owns 204,245 shares of the company’s stock valued at $3,595,000 after purchasing an additional 71,563 shares during the period.

About Sportsman’s Warehouse (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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