Zacks Investment Research cut shares of Sportsman's Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research report sent to investors on Wednesday, January 10th.
According to Zacks, “Sportsman’s Warehouse Holdings, Inc. is an outdoor sporting goods retailer. Its stores offer camping products, fishing products, and hunting and shooting products. The Company’s stores also provide clothing products, footwear products and optics, electronics, and accessories. It also carries a range of private label offerings under the Rustic Ridge, Yukon Gold and Sportsman’s Warehouse brands. Sportsman’s Warehouse Holdings, Inc. is headquartered in Midvale, Utah. “
A number of other research analysts have also recently weighed in on SPWH. BidaskClub cut Sportsman's Warehouse from a buy rating to a hold rating in a research report on Saturday, January 6th. Piper Jaffray Companies reiterated a hold rating and set a $6.00 price objective on shares of Sportsman's Warehouse in a research 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 research report on Wednesday, January 3rd. Forward View set a $4.00 price target on Sportsman's Warehouse and gave the stock a hold rating in a research note on Saturday, November 18th. Finally, Ifs Securities reissued a market perform rating and issued a $5.00 price target on shares of Sportsman's Warehouse in a research note on Friday, September 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Sportsman's Warehouse currently has a consensus rating of Hold and an average target price of $6.69.
Sportsman's Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Sportsman's Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The business had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $222.59 million. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was up .4% compared to the same quarter last year. equities research analysts expect that Sportsman's Warehouse will post 0.57 EPS for the current fiscal year.
In related news, CFO Kevan P. Talbot bought 13,000 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were acquired at an average cost of $5.78 per share, for a total transaction of $75,140.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.15% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nationwide Fund Advisors increased its holdings in shares of Sportsman's Warehouse by 35.8% in the 2nd quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock valued at $111,000 after acquiring an additional 5,442 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Sportsman's Warehouse in the 2nd quarter valued at approximately $114,000. Marshall Wace North America L.P. bought a new stake in shares of Sportsman's Warehouse in the 2nd quarter valued at approximately $109,000. The Manufacturers Life Insurance Company increased its holdings in shares of Sportsman's Warehouse by 41.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock valued at $169,000 after acquiring an additional 9,156 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Sportsman's Warehouse by 40.3% during the 2nd quarter. Rhumbline Advisers now owns 39,232 shares of the company’s stock valued at $212,000 after purchasing an additional 11,277 shares during the period.
About Sportsman's Warehouse
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.
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