Sportsman’s Warehouse (NASDAQ:SPWH) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) announced its quarterly earnings data on Thursday. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01), FiscalAI reports. The firm had revenue of $331.32 million during the quarter, compared to analysts’ expectations of $331.11 million. Sportsman’s Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.10%.

Sportsman’s Warehouse Stock Performance

Shares of SPWH opened at $2.45 on Friday. The firm has a market capitalization of $94.15 million, a P/E ratio of -2.50 and a beta of 0.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.19 and a quick ratio of 0.06. Sportsman’s Warehouse has a one year low of $0.92 and a one year high of $4.33. The business has a fifty day moving average of $2.46 and a 200 day moving average of $2.88.

Insiders Place Their Bets

In other Sportsman’s Warehouse news, Director Richard D. Mcbee acquired 25,000 shares of the company’s stock in a transaction that occurred on Thursday, October 2nd. The shares were bought at an average price of $2.47 per share, with a total value of $61,750.00. Following the completion of the acquisition, the director owned 364,886 shares in the company, valued at $901,268.42. This represents a 7.36% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael D. Tucci bought 50,000 shares of Sportsman’s Warehouse stock in a transaction on Friday, October 3rd. The shares were acquired at an average cost of $2.81 per share, with a total value of $140,500.00. Following the completion of the acquisition, the director owned 73,113 shares of the company’s stock, valued at $205,447.53. The trade was a 216.33% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 143,279 shares of company stock valued at $390,609. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors have recently bought and sold shares of the stock. Centiva Capital LP purchased a new stake in Sportsman’s Warehouse in the third quarter worth about $63,000. Two Sigma Investments LP raised its holdings in Sportsman’s Warehouse by 7.4% during the third quarter. Two Sigma Investments LP now owns 587,674 shares of the company’s stock valued at $1,628,000 after acquiring an additional 40,492 shares during the period. Bridgeway Capital Management LLC lifted its holdings in Sportsman’s Warehouse by 124.3% in the 3rd quarter. Bridgeway Capital Management LLC now owns 486,036 shares of the company’s stock worth $1,346,000 after purchasing an additional 269,389 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Sportsman’s Warehouse by 12.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock worth $3,382,000 after acquiring an additional 138,213 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sportsman’s Warehouse by 16.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,039,101 shares of the company’s stock valued at $2,879,000 after purchasing an additional 148,661 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday. Lake Street Capital boosted their target price on Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, September 5th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Sportsman’s Warehouse currently has an average rating of “Moderate Buy” and a consensus price target of $3.45.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.