Sportsman’s Warehouse (NASDAQ:SPWH) Releases Earnings Results, Beats Estimates By $0.04 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) announced its quarterly earnings data on Tuesday. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.04, FiscalAI reports. The business had revenue of $295.58 million for the quarter, compared to the consensus estimate of $295.05 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%.

Sportsman’s Warehouse Trading Up 0.8%

Shares of SPWH stock traded up $0.01 on Tuesday, reaching $1.20. The company had a trading volume of 831,879 shares, compared to its average volume of 528,697. The stock has a market cap of $46.82 million, a PE ratio of -0.92 and a beta of 0.42. The company has a 50-day moving average of $1.20 and a 200-day moving average of $1.29. The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. Sportsman’s Warehouse has a 12 month low of $1.08 and a 12 month high of $3.55.

Wall Street Analyst Weigh In

SPWH has been the subject of a number of analyst reports. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings downgraded Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. Finally, Zacks Research downgraded shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.58.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently modified their holdings of SPWH. Goldman Sachs Group Inc. increased its stake in Sportsman’s Warehouse by 30.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock worth $317,000 after purchasing an additional 74,601 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Sportsman’s Warehouse by 217.1% during the first quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock worth $214,000 after buying an additional 148,296 shares during the period. JPMorgan Chase & Co. lifted its stake in Sportsman’s Warehouse by 123.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after acquiring an additional 411,295 shares in the last quarter. Prudential Financial Inc. bought a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $56,000. Finally, XTX Topco Ltd bought a new position in Sportsman’s Warehouse in the second quarter valued at $189,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.