Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) issued an update on its third quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.23-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.24. Sportsman’s Warehouse Holdings also updated its FY18 guidance to $0.60-0.66 EPS.

Sportsman’s Warehouse Holdings, Inc. (NASDAQ SPWH) traded down 3.35% on Thursday, hitting $3.46. 1,484,120 shares of the company were exchanged. Sportsman’s Warehouse Holdings, Inc. has a 52 week low of $3.40 and a 52 week high of $11.30. The company has a 50 day moving average price of $4.67 and a 200-day moving average price of $5.01. The stock has a market capitalization of $144.28 million, a P/E ratio of 5.96 and a beta of -0.85.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last announced its quarterly earnings data on Thursday, May 25th. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Sportsman’s Warehouse Holdings had a net margin of 3.16% and a return on equity of 127.68%. The firm had revenue of $156.90 million for the quarter, compared to analysts’ expectations of $153.06 million. Sportsman’s Warehouse Holdings’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, equities analysts expect that Sportsman’s Warehouse Holdings, Inc. will post $0.62 earnings per share for the current fiscal year.

Several equities analysts have issued reports on SPWH shares. DA Davidson restated a buy rating and set a $8.00 target price on shares of Sportsman’s Warehouse Holdings in a research note on Saturday, June 3rd. MKM Partners restated a buy rating and set a $7.00 target price on shares of Sportsman’s Warehouse Holdings in a research note on Wednesday. TheStreet upgraded shares of Sportsman’s Warehouse Holdings from a d+ rating to a c- rating in a research note on Tuesday, May 30th. ValuEngine cut shares of Sportsman’s Warehouse Holdings from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Forward View upgraded shares of Sportsman’s Warehouse Holdings from a sell rating to a hold rating in a research note on Thursday, April 27th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sportsman’s Warehouse Holdings currently has an average rating of Hold and a consensus price target of $7.56.

In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson acquired 10,000 shares of the stock in a transaction dated Thursday, July 13th. The shares were purchased at an average price of $5.00 per share, for a total transaction of $50,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO John V. Schaefer sold 473,724 shares of the stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $5.37, for a total transaction of $2,543,897.88. The disclosure for this sale can be found here. In the last quarter, insiders bought 23,700 shares of company stock worth $126,726 and sold 1,148,821 shares worth $6,213,192. 3.60% of the stock is owned by corporate insiders.

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Several institutional investors have recently modified their holdings of SPWH. California State Teachers Retirement System raised its stake in Sportsman’s Warehouse Holdings by 23.5% in the second quarter. California State Teachers Retirement System now owns 64,124 shares of the company’s stock valued at $346,000 after buying an additional 12,200 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Sportsman’s Warehouse Holdings by 41.2% in the second quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock valued at $169,000 after buying an additional 9,156 shares in the last quarter. Finally, State Street Corp raised its stake in Sportsman’s Warehouse Holdings by 4.7% in the second quarter. State Street Corp now owns 395,418 shares of the company’s stock valued at $2,134,000 after buying an additional 17,892 shares in the last quarter. Hedge funds and other institutional investors own 80.44% of the company’s stock.

Sportsman’s Warehouse Holdings 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.

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

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