Sportsman’s Warehouse (SPWH) Issues Earnings Results

Sportsman’s Warehouse (NASDAQ:SPWH) released its earnings results on Wednesday. The company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26, Bloomberg Earnings reports. The company had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $224.80 million. Sportsman’s Warehouse had a net margin of 2.24% and a return on equity of 46.61%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 EPS.

SPWH stock opened at $4.70 on Friday. Sportsman’s Warehouse has a fifty-two week low of $3.66 and a fifty-two week high of $6.99. The company has a quick ratio of 0.06, a current ratio of 1.09 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $212.54 million, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 0.82 and a beta of -0.26.

SPWH has been the topic of several recent analyst reports. ValuEngine cut shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. DA Davidson set a $7.00 price objective on shares of Sportsman’s Warehouse and gave the company a “buy” rating in a research report on Wednesday, August 15th. Credit Suisse Group lifted their price objective on shares of Sportsman’s Warehouse from $6.00 to $7.50 and gave the company an “outperform” rating in a research report on Friday, August 24th. Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Saturday, August 25th. Finally, BidaskClub cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $6.81.

Several hedge funds have recently bought and sold shares of SPWH. Millennium Management LLC grew its holdings in shares of Sportsman’s Warehouse by 121.1% in the first quarter. Millennium Management LLC now owns 353,268 shares of the company’s stock valued at $1,441,000 after purchasing an additional 193,456 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Sportsman’s Warehouse in the second quarter valued at $366,000. Perkins Capital Management Inc. purchased a new position in shares of Sportsman’s Warehouse in the second quarter valued at $474,000. Bank of New York Mellon Corp grew its holdings in shares of Sportsman’s Warehouse by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 184,527 shares of the company’s stock valued at $945,000 after purchasing an additional 12,771 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Sportsman’s Warehouse by 4.4% in the second quarter. Russell Investments Group Ltd. now owns 516,600 shares of the company’s stock valued at $2,645,000 after purchasing an additional 21,800 shares in the last quarter. 81.02% of the stock is owned by hedge funds and other institutional investors.

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Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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Earnings History for Sportsman`s Warehouse (NASDAQ:SPWH)

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