Sportsman’s Warehouse (NASDAQ:SPWH) Cut to Sell at Wall Street Zen

Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

SPWH has been the topic of several other research reports. Robert W. Baird decreased their price objective on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Roth Mkm dropped their target price on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research note on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $2.94.

Sportsman’s Warehouse Stock Performance

NASDAQ:SPWH opened at $1.28 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.36 and a quick ratio of 0.06. The firm has a market cap of $49.66 million, a PE ratio of -0.98 and a beta of 0.46. The firm has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.85. Sportsman’s Warehouse has a 1-year low of $1.08 and a 1-year high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, March 31st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm 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%. On average, equities analysts expect that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth $56,000. Centiva Capital LP acquired a new position in Sportsman’s Warehouse in the third quarter valued at $63,000. Dynamic Technology Lab Private Ltd acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at $41,000. SBI Securities Co. Ltd. grew its position in Sportsman’s Warehouse by 158,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock valued at $46,000 after acquiring an additional 31,700 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Sportsman’s Warehouse during the second quarter valued at about $189,000. 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.