Sportsman’s Warehouse (NASDAQ:SPWH) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) released its quarterly earnings data on Tuesday. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04, FiscalAI reports. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.The business had revenue of $295.58 million during the quarter, compared to the consensus estimate of $295.05 million.

Sportsman’s Warehouse Stock Up 0.8%

Sportsman’s Warehouse stock traded up $0.01 during trading hours on Tuesday, hitting $1.20. The company had a trading volume of 831,879 shares, compared to its average volume of 528,697. Sportsman’s Warehouse has a fifty-two week low of $1.08 and a fifty-two week high of $3.55. The firm’s fifty day moving average is $1.20 and its 200-day moving average is $1.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.07. The firm has a market capitalization of $46.82 million, a P/E ratio of -0.92 and a beta of 0.42.

Institutional Trading of Sportsman’s Warehouse

Several large investors have recently added to or reduced their stakes in SPWH. Vanguard Group Inc. raised its holdings in shares of Sportsman’s Warehouse by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,768,481 shares of the company’s stock valued at $4,899,000 after purchasing an additional 46,929 shares in the last quarter. Archon Capital Management LLC lifted its position in shares of Sportsman’s Warehouse by 51.6% in the fourth quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after buying an additional 568,151 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Sportsman’s Warehouse by 23.2% in the second quarter. Marshall Wace LLP now owns 1,361,280 shares of the company’s stock worth $4,696,000 after buying an additional 256,768 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Sportsman’s Warehouse by 12.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,220,990 shares of the company’s stock valued at $3,382,000 after acquiring an additional 138,213 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Sportsman’s Warehouse by 16.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,039,101 shares of the company’s stock worth $2,879,000 after purchasing an additional 148,661 shares during the period. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPWH has been the subject of a number of recent analyst reports. Weiss Ratings downgraded shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. Zacks Research cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Hold” and a consensus price target of $2.58.

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.