Sportsman’s Warehouse (NASDAQ:SPWH) Upgraded by Wall Street Zen to Hold Rating

Sportsman’s Warehouse (NASDAQ:SPWH) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Wednesday, May 27th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.58.

Sportsman’s Warehouse Trading Down 9.3%

Sportsman’s Warehouse stock opened at $1.27 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.10. The company has a market capitalization of $49.56 million, a price-to-earnings ratio of -0.98 and a beta of 0.41. Sportsman’s Warehouse has a one year low of $1.08 and a one year high of $4.33. The company’s fifty day moving average price is $1.39 and its two-hundred day moving average price is $1.46.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.19. The firm had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. During the same period in the prior year, the business posted ($0.56) earnings per share. On average, analysts forecast that Sportsman’s Warehouse will post -0.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at about $56,000. Centiva Capital LP acquired a new stake in shares of Sportsman’s Warehouse in the third quarter valued at about $63,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at about $41,000. SBI Securities Co. Ltd. grew its position in shares of Sportsman’s Warehouse by 158,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock valued at $46,000 after purchasing an additional 31,700 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at about $189,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

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.