Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

A number of other brokerages have also issued reports on SPWH. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $2.58.

Sportsman’s Warehouse Trading Down 4.7%

Shares of NASDAQ SPWH opened at $1.23 on Wednesday. The company has a quick ratio of 0.07, a current ratio of 1.18 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 $3.87. The company has a market cap of $47.99 million, a price-to-earnings ratio of -0.95 and a beta of 0.41. The business has a fifty day simple moving average of $1.31 and a 200-day simple moving average of $1.36.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.19. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The company had revenue of $256.08 million during the quarter, compared to analysts’ expectations of $252.30 million. During the same period last year, the company posted ($0.56) earnings per share. Sell-side analysts predict that Sportsman’s Warehouse will post -0.34 EPS for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently made changes to their positions in SPWH. Union Square Park Capital Management LLC boosted its stake in Sportsman’s Warehouse by 9.3% in the 1st quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock valued at $3,667,000 after buying an additional 222,121 shares in the last quarter. Vanguard Group Inc. boosted its position in Sportsman’s Warehouse by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after buying an additional 46,929 shares during the last quarter. Archon Capital Management LLC increased its position in Sportsman’s Warehouse by 51.6% in the fourth quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after purchasing an additional 568,151 shares during the period. Marshall Wace LLP grew its position in shares of Sportsman’s Warehouse by 23.2% during the 2nd quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after buying an additional 256,768 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of Sportsman’s Warehouse by 12.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock valued at $3,382,000 after acquiring an additional 138,213 shares during the last quarter. 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.