Sportsman’s Warehouse (NASDAQ:SPWH) Rating Increased to Sell at ValuEngine

ValuEngine upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday, ValuEngine reports.

SPWH has been the topic of several other research reports. BidaskClub raised Sportsman’s Warehouse from a buy rating to a strong-buy rating in a report on Sunday, October 13th. Piper Jaffray Companies reaffirmed an overweight rating and issued a $8.00 price target (up previously from $7.00) on shares of Sportsman’s Warehouse in a report on Wednesday, October 2nd. DA Davidson set a $6.00 price target on Sportsman’s Warehouse and gave the company a buy rating in a report on Monday, September 23rd. Zacks Investment Research raised Sportsman’s Warehouse from a hold rating to a buy rating and set a $4.50 price target on the stock in a report on Tuesday, September 3rd. Finally, Robert W. Baird upped their price target on Sportsman’s Warehouse from $4.00 to $5.00 and gave the company a neutral rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Sportsman’s Warehouse presently has a consensus rating of Buy and a consensus price target of $5.88.

Shares of SPWH stock opened at $7.27 on Tuesday. The company has a market cap of $312.12 million, a P/E ratio of 12.12 and a beta of 0.34. Sportsman’s Warehouse has a 52 week low of $3.41 and a 52 week high of $7.48. The business has a 50 day moving average of $6.02 and a two-hundred day moving average of $4.61. The company has a quick ratio of 0.05, a current ratio of 1.04 and a debt-to-equity ratio of 2.31.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $211.80 million for the quarter, compared to analysts’ expectations of $207.31 million. Sportsman’s Warehouse had a return on equity of 27.73% and a net margin of 2.71%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. Analysts expect that Sportsman’s Warehouse will post 0.53 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of SPWH. Meeder Asset Management Inc. purchased a new position in Sportsman’s Warehouse during the 3rd quarter worth approximately $26,000. Jacobs Levy Equity Management Inc. purchased a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $40,000. Flinton Capital Management LLC grew its position in Sportsman’s Warehouse by 87.5% during the 2nd quarter. Flinton Capital Management LLC now owns 10,800 shares of the company’s stock worth $41,000 after purchasing an additional 5,040 shares in the last quarter. Meadow Creek Investment Management LLC grew its position in Sportsman’s Warehouse by 87.5% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 14,850 shares of the company’s stock worth $56,000 after purchasing an additional 6,930 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $61,000. Hedge funds and other institutional investors own 92.86% of the company’s stock.

About Sportsman’s Warehouse

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

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