Sportsman's Warehouse (SPWH) Downgraded by ValuEngine

Sportsman's Warehouse (NASDAQ:SPWH) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Other research analysts also recently issued reports about the stock. DA Davidson cut their price objective on shares of Sportsman's Warehouse from $8.00 to $6.50 and set a “buy” rating for the company in a report on Friday, November 17th. Robert W. Baird reissued a “buy” rating and issued a $8.00 price target on shares of Sportsman's Warehouse in a report on Wednesday, January 3rd. BidaskClub raised shares of Sportsman's Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Zacks Investment Research raised shares of Sportsman's Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, December 30th. Finally, Piper Jaffray Companies set a $5.00 price target on shares of Sportsman's Warehouse and gave the company a “hold” rating in a report on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.07.

Sportsman's Warehouse (SPWH) traded up $0.09 on Thursday, reaching $5.09. 366,393 shares of the company traded hands, compared to its average volume of 536,146. The company has a market cap of $216.73, a P/E ratio of 9.60, a PEG ratio of 0.78 and a beta of -0.92. Sportsman's Warehouse has a 52 week low of $3.40 and a 52 week high of $6.99. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.03 and a current ratio of 1.54.

Sportsman's Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). The business had revenue of $218.10 million during the quarter, compared to the consensus estimate of $222.59 million. Sportsman's Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. equities analysts anticipate 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 business’s stock in a transaction on Monday, December 18th. The stock was purchased at an average cost of $5.78 per share, with a total value of $75,140.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 4.15% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the business. Nationwide Fund Advisors lifted its holdings in shares of Sportsman's Warehouse by 35.8% during the 2nd quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock worth $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 during the 2nd quarter worth $114,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Sportsman's Warehouse by 41.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock worth $169,000 after acquiring an additional 9,156 shares during the last quarter. Yellowstone Partners LLC bought a new stake in shares of Sportsman's Warehouse during the 3rd quarter worth $196,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Sportsman's Warehouse during the 4th quarter worth $207,000. 99.85% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Sportsman's Warehouse (SPWH) Downgraded by ValuEngine” was originally published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/11/sportsmans-warehouse-spwh-downgraded-by-valuengine.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sportsman's Warehouse (NASDAQ:SPWH)

Receive News & Ratings for Sportsman's Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sportsman's Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply