Sportsman's Warehouse (SPWH) Lifted to “Hold” at Zacks Investment Research

Sportsman's Warehouse (NASDAQ:SPWH) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Friday.

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. “

Several other equities analysts have also recently issued reports on the company. BidaskClub cut Sportsman's Warehouse from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Robert W. Baird reaffirmed a “buy” rating and issued a $8.00 price objective on shares of Sportsman's Warehouse in a report on Wednesday, January 3rd. DA Davidson set a $7.00 price objective on Sportsman's Warehouse and gave the company a “buy” rating in a report on Wednesday, December 6th. ValuEngine raised Sportsman's Warehouse from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Forward View set a $4.00 price objective on Sportsman's Warehouse and gave the company a “hold” rating in a report on Saturday, November 18th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sportsman's Warehouse presently has a consensus rating of “Buy” and a consensus price target of $6.69.

Shares of Sportsman's Warehouse (SPWH) traded up $0.05 during mid-day trading on Friday, reaching $5.41. The company had a trading volume of 274,600 shares, compared to its average volume of 779,483. The firm has a market cap of $237.59, 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 $8.50. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.54 and a quick ratio of 0.03.

Sportsman's Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results 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). The company had revenue of $218.10 million during the quarter, compared to analyst estimates of $222.59 million. Sportsman's Warehouse had a net margin of 2.84% and a return on equity of 71.55%. The business’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. equities research analysts predict that Sportsman's Warehouse will post 0.57 earnings per share for the current year.

In other news, CFO Kevan P. Talbot purchased 13,000 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of $5.78 per share, with a total value of $75,140.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 4.15% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Nationwide Fund Advisors lifted its stake in 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 buying an additional 5,442 shares in the last quarter. Gotham Asset Management LLC acquired a new position in Sportsman's Warehouse in the 2nd quarter valued at $114,000. The Manufacturers Life Insurance Company raised its holdings in 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. Rhumbline Advisers raised its holdings in Sportsman's Warehouse by 40.3% in the 2nd quarter. Rhumbline Advisers now owns 39,232 shares of the company’s stock valued at $212,000 after acquiring an additional 11,277 shares during the last quarter. Finally, Yellowstone Partners LLC acquired a new position in Sportsman's Warehouse in the 3rd quarter valued at $196,000.

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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.

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