Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report report published on Saturday morning.

Several other analysts have also issued reports on the company. Lake Street Capital increased their price objective on Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Roth Capital cut their price target 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, Robert W. Baird lowered their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2.88.

Sportsman’s Warehouse Stock Performance

SPWH stock opened at $1.47 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.20. The stock has a market cap of $56.57 million, a P/E ratio of -1.52 and a beta of 0.57. The firm has a 50 day simple moving average of $1.88 and a 200 day simple moving average of $2.69. Sportsman’s Warehouse has a 52 week low of $0.92 and a 52 week high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, December 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. The company had revenue of $331.32 million during the quarter, compared to analyst estimates of $331.11 million. Research analysts anticipate that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Institutional Trading of Sportsman’s Warehouse

Several large investors have recently made changes to their positions in the stock. Jacobs Levy Equity Management Inc. bought a new position in shares of Sportsman’s Warehouse in the 1st quarter valued at approximately $715,000. Goldman Sachs Group Inc. grew its holdings in Sportsman’s Warehouse by 30.6% during the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock valued at $317,000 after purchasing an additional 74,601 shares during the last quarter. Acadian Asset Management LLC raised its position in shares of Sportsman’s Warehouse by 217.1% in the first quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock valued at $214,000 after purchasing an additional 148,296 shares during the period. Greenwood Gearhart Inc. raised its position in shares of Sportsman’s Warehouse by 75.3% in the second quarter. Greenwood Gearhart Inc. now owns 55,897 shares of the company’s stock valued at $193,000 after purchasing an additional 24,002 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the second quarter worth $45,000. Institutional investors 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.