Sportsman's Warehouse (NASDAQ:SPWH) Downgraded to “Hold” at BidaskClub

BidaskClub downgraded shares of Sportsman's Warehouse (NASDAQ:SPWH) from a buy rating to a hold rating in a research note published on Saturday, January 6th.

Other research analysts have also issued reports about the stock. Piper Jaffray Companies reiterated a hold rating and set a $6.00 price objective on shares of Sportsman's Warehouse in a report on Sunday, October 1st. Robert W. Baird reiterated a buy rating and set a $8.00 price objective on shares of Sportsman's Warehouse in a report on Wednesday, January 3rd. ValuEngine raised shares of Sportsman's Warehouse from a hold rating to a buy rating in a research report on Friday, December 1st. Ifs Securities reissued a market perform rating and set a $5.00 target price on shares of Sportsman's Warehouse in a research report on Friday, September 15th. Finally, Zacks Investment Research raised shares of Sportsman's Warehouse from a sell rating to a hold rating in a research report on Saturday, December 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $6.69.

Sportsman's Warehouse (NASDAQ SPWH) opened at $5.31 on Friday. The firm has a market cap of $228.22, a PE ratio of 10.21, a PEG ratio of 0.95 and a beta of -0.65. Sportsman's Warehouse has a 1-year low of $3.40 and a 1-year high of $8.79. The company has a current ratio of 1.54, a quick ratio of 0.03 and a debt-to-equity ratio of 3.09.

Sportsman's Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Thursday, November 16th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The company had revenue of $218.10 million for the quarter, compared to analysts’ expectations of $222.59 million. Sportsman's Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The company’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. research analysts anticipate that Sportsman's Warehouse will post 0.57 earnings per share for the current year.

In other Sportsman's Warehouse news, CFO Kevan P. Talbot bought 13,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was purchased at an average price of $5.78 per share, with a total value of $75,140.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.15% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of SPWH. Credit Suisse AG grew its position in Sportsman's Warehouse by 25.5% in the first quarter. Credit Suisse AG now owns 33,971 shares of the company’s stock valued at $162,000 after acquiring an additional 6,897 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Sportsman's Warehouse in the second quarter valued at approximately $520,000. Schwab Charles Investment Management Inc. grew its position in Sportsman's Warehouse by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 105,928 shares of the company’s stock valued at $573,000 after acquiring an additional 684 shares in the last quarter. Rhumbline Advisers grew its position in Sportsman's Warehouse by 40.3% in the second quarter. Rhumbline Advisers now owns 39,232 shares of the company’s stock valued at $212,000 after acquiring an additional 11,277 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Sportsman's Warehouse by 4.0% in the second quarter. Bank of New York Mellon Corp now owns 149,310 shares of the company’s stock valued at $806,000 after acquiring an additional 5,788 shares in the last quarter.

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Sportsman's Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

Analyst Recommendations for Sportsman's Warehouse (NASDAQ:SPWH)

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