Sportsman’s Warehouse (NASDAQ:SPWH) Updates Q3 2022 Earnings Guidance

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) issued an update on its third quarter 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.24-$0.32 for the period, compared to the consensus estimate of $0.46. The company issued revenue guidance of $345.00 million-$365.00 million, compared to the consensus revenue estimate of $399.36 million.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of recent analyst reports. StockNews.com raised shares of Sportsman’s Warehouse from a sell rating to a hold rating in a research note on Wednesday, June 29th. Craig Hallum reduced their target price on shares of Sportsman’s Warehouse from $20.00 to $15.00 in a report on Wednesday, June 1st. Lake Street Capital lowered their target price on shares of Sportsman’s Warehouse from $19.00 to $17.00 in a research note on Friday, September 2nd. Piper Sandler decreased their price objective on shares of Sportsman’s Warehouse from $12.00 to $10.00 and set a neutral rating for the company in a research note on Wednesday, June 1st. Finally, Robert W. Baird reduced their price target on Sportsman’s Warehouse from $11.00 to $9.00 and set a neutral rating for the company in a report on Friday, September 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $13.00.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $8.20 on Friday. The stock has a market cap of $318.73 million, a P/E ratio of 3.73 and a beta of 0.93. The firm has a fifty day moving average price of $9.48 and a 200 day moving average price of $9.94. Sportsman’s Warehouse has a 1-year low of $7.75 and a 1-year high of $17.95.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last announced its quarterly earnings data on Thursday, September 1st. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.10. The company had revenue of $351.02 million for the quarter, compared to analyst estimates of $338.27 million. Sportsman’s Warehouse had a return on equity of 21.28% and a net margin of 6.56%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.44 EPS. Sell-side analysts expect that Sportsman’s Warehouse will post 1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS Group AG raised its position in shares of Sportsman’s Warehouse by 145.2% in the 2nd quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares in the last quarter. Ancora Advisors LLC bought a new position in Sportsman’s Warehouse during the 1st quarter worth $52,000. Point72 Hong Kong Ltd grew its stake in Sportsman’s Warehouse by 535.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 7,427 shares of the company’s stock worth $79,000 after buying an additional 6,258 shares during the last quarter. Teton Advisors Inc. grew its stake in Sportsman’s Warehouse by 50.0% during the 1st quarter. Teton Advisors Inc. now owns 15,000 shares of the company’s stock worth $160,000 after buying an additional 5,000 shares during the last quarter. Finally, Hsbc Holdings PLC bought a new position in Sportsman’s Warehouse during the 1st quarter worth $201,000. 92.34% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

(Get Rating)

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 apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

See Also

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

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