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

Wall Street Zen upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a sell rating to a hold rating in a research report sent to investors on Saturday.

A number of other equities analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Lake Street Capital increased their target price on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, September 5th. Robert W. Baird dropped their price target on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research report on Friday, December 5th. Finally, Roth Capital decreased their price objective on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a report on Friday, December 5th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.88.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock opened at $1.46 on Friday. The firm has a 50 day simple moving average of $1.90 and a 200-day simple moving average of $2.71. The stock has a market cap of $56.18 million, a price-to-earnings ratio of -1.51 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Thursday, December 4th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). The firm had revenue of $331.32 million for the quarter, compared to analysts’ expectations of $331.11 million. Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. On average, analysts expect that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Teton Advisors Inc. increased its stake in Sportsman’s Warehouse by 7.4% during the 2nd quarter. Teton Advisors Inc. now owns 65,500 shares of the company’s stock worth $226,000 after buying an additional 4,500 shares during the period. Gamco Investors INC. ET AL increased its position in shares of Sportsman’s Warehouse by 0.9% during the third quarter. Gamco Investors INC. ET AL now owns 546,000 shares of the company’s stock worth $1,512,000 after acquiring an additional 5,000 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Sportsman’s Warehouse by 50.0% in the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock valued at $62,000 after acquiring an additional 6,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at $45,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Sportsman’s Warehouse in the second quarter valued at $53,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

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.