Sportsman’s Warehouse (NASDAQ:SPWH) Announces Quarterly Earnings Results

Sportsman’s Warehouse (NASDAQ:SPWHGet Free Report) issued its quarterly earnings data on Tuesday. The company reported ($0.39) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.58) by $0.19, FiscalAI reports. Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%.The business had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million.

Sportsman’s Warehouse Stock Up 3.3%

SPWH traded up $0.05 during trading on Tuesday, reaching $1.43. 353,725 shares of the stock traded hands, compared to its average volume of 256,817. The stock has a market cap of $55.51 million, a price-to-earnings ratio of -1.06 and a beta of 0.43. Sportsman’s Warehouse has a fifty-two week low of $1.08 and a fifty-two week high of $4.33. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.36 and a quick ratio of 0.10. The stock’s 50-day simple moving average is $1.39 and its two-hundred day simple moving average is $1.47.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPWH shares. Wall Street Zen upgraded Sportsman’s Warehouse from a “strong sell” rating to a “sell” rating in a research report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Sportsman’s Warehouse currently has a consensus rating of “Hold” and a consensus price target of $2.94.

Read Our Latest Stock Report on Sportsman’s Warehouse

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. increased its stake in shares of Sportsman’s Warehouse by 30.6% in the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock worth $317,000 after purchasing an additional 74,601 shares during the period. Acadian Asset Management LLC grew its stake in shares of Sportsman’s Warehouse by 217.1% in the 1st quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock valued at $214,000 after purchasing an additional 148,296 shares during the period. JPMorgan Chase & Co. grew its position in Sportsman’s Warehouse by 123.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock worth $2,569,000 after acquiring an additional 411,295 shares during the last quarter. Prudential Financial Inc. acquired a new position in Sportsman’s Warehouse during the 2nd quarter worth $56,000. Finally, XTX Topco Ltd acquired a new position in Sportsman’s Warehouse during the 2nd quarter worth $189,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

(Get Free Report)

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.

See Also

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

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