Q3 2024 EPS Estimates for Sportsman’s Warehouse Holdings, Inc. Reduced by B. Riley (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) – Research analysts at B. Riley lowered their Q3 2024 earnings estimates for Sportsman’s Warehouse in a research report issued to clients and investors on Thursday, September 7th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of ($0.11) for the quarter, down from their prior forecast of $0.26. B. Riley has a “Buy” rating and a $7.00 price objective on the stock. The consensus estimate for Sportsman’s Warehouse’s current full-year earnings is $0.33 per share. B. Riley also issued estimates for Sportsman’s Warehouse’s Q4 2024 earnings at $0.14 EPS, FY2024 earnings at ($0.39) EPS, Q1 2025 earnings at ($0.21) EPS, Q2 2025 earnings at $0.11 EPS, Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $0.36 EPS.

Other research analysts have also recently issued reports about the stock. TheStreet cut shares of Sportsman’s Warehouse from a “c” rating to a “d+” rating in a research note on Tuesday, May 30th. StockNews.com initiated coverage on shares of Sportsman’s Warehouse in a research note on Thursday, August 17th. They set a “sell” rating on the stock. Finally, Robert W. Baird decreased their target price on shares of Sportsman’s Warehouse from $6.50 to $5.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Sportsman’s Warehouse presently has an average rating of “Hold” and a consensus target price of $8.25.

Sportsman’s Warehouse Trading Up 0.6 %

SPWH opened at $3.35 on Monday. Sportsman’s Warehouse has a 1-year low of $2.98 and a 1-year high of $10.62. The company has a market cap of $126.26 million, a P/E ratio of 30.45 and a beta of 0.97. The company has a fifty day moving average price of $5.61 and a two-hundred day moving average price of $6.35.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Wednesday, September 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.06). The firm had revenue of $309.50 million during the quarter, compared to analyst estimates of $326.01 million. Sportsman’s Warehouse had a net margin of 0.38% and a return on equity of 3.29%. Sportsman’s Warehouse’s quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 EPS.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS Group AG boosted its stake in shares of Sportsman’s Warehouse by 145.2% during the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares during the period. Quarry LP raised its position in Sportsman’s Warehouse by 509.1% during the 1st quarter. Quarry LP now owns 5,476 shares of the company’s stock worth $46,000 after buying an additional 4,577 shares during the last quarter. Ancora Advisors LLC purchased a new position in Sportsman’s Warehouse during the 1st quarter worth approximately $52,000. Allspring Global Investments Holdings LLC raised its position in Sportsman’s Warehouse by 1,515.1% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 9,400 shares of the company’s stock worth $54,000 after buying an additional 8,818 shares during the last quarter. Finally, Citigroup Inc. increased its holdings in shares of Sportsman’s Warehouse by 1,012.3% during the 2nd quarter. Citigroup Inc. now owns 11,279 shares of the company’s stock valued at $64,000 after purchasing an additional 10,265 shares in the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About Sportsman’s Warehouse

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.