Sportsman’s Warehouse (SPWH) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a buy rating in a research report report published on Saturday. The firm currently has $6.75 target price on the stock.

According to Zacks, “Sportsman’s Warehouse Holdings, Inc. is an outdoor sporting goods retailer. Its stores offer camping products, fishing products, and hunting and shooting products. The Company’s stores also provide clothing products, footwear products and optics, electronics, and accessories. It also carries a range of private label offerings under the Rustic Ridge, Yukon Gold and Sportsman’s Warehouse brands. Sportsman’s Warehouse Holdings, Inc. is headquartered in Midvale, Utah. “

Several other equities analysts have also weighed in on SPWH. ValuEngine upgraded shares of Sportsman’s Warehouse from a hold rating to a buy rating in a research report on Friday, April 27th. DA Davidson restated a buy rating on shares of Sportsman’s Warehouse in a research report on Wednesday, May 16th. Finally, Credit Suisse Group raised their price objective on shares of Sportsman’s Warehouse from $6.00 to $7.50 and gave the company an outperform rating in a research report on Friday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sportsman’s Warehouse presently has an average rating of Hold and a consensus target price of $5.75.

Shares of SPWH opened at $5.73 on Friday. The stock has a market capitalization of $262.78 million, a P/E ratio of 11.46, a P/E/G ratio of 1.02 and a beta of -0.65. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.63 and a quick ratio of 0.06. Sportsman’s Warehouse has a 52-week low of $3.66 and a 52-week high of $6.99.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, August 23rd. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.02. Sportsman’s Warehouse had a net margin of 1.94% and a return on equity of 47.82%. The firm had revenue of $203.30 million during the quarter, compared to analyst estimates of $203.27 million. During the same quarter in the prior year, the firm posted $0.15 EPS. Sportsman’s Warehouse’s revenue was up 6.2% compared to the same quarter last year. equities research analysts expect that Sportsman’s Warehouse will post 0.6 EPS for the current fiscal year.

In other news, Director Seidler Kutsenda Management Co sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $5.27, for a total transaction of $1,054,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 4,237,652 shares of company stock valued at $21,236,627. Insiders own 2.20% of the company’s stock.

A number of hedge funds have recently bought and sold shares of SPWH. Cannell Capital LLC purchased a new stake in Sportsman’s Warehouse during the second quarter valued at about $1,850,000. Putnam Investments LLC purchased a new stake in Sportsman’s Warehouse during the second quarter valued at about $1,840,000. Spark Investment Management LLC purchased a new stake in Sportsman’s Warehouse during the second quarter valued at about $1,766,000. BlackRock Inc. lifted its stake in Sportsman’s Warehouse by 13.5% during the second quarter. BlackRock Inc. now owns 2,888,343 shares of the company’s stock valued at $14,788,000 after buying an additional 343,379 shares in the last quarter. Finally, Towle & Co. lifted its stake in Sportsman’s Warehouse by 6.9% during the second quarter. Towle & Co. now owns 4,093,412 shares of the company’s stock valued at $20,958,000 after buying an additional 264,800 shares in the last quarter. 86.68% of the stock is owned by institutional investors.

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.

See Also: Price to Earnings Ratio (PE)

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