Sportsman’s Warehouse (NASDAQ:SPWH) Stock Rating Lowered by Zacks Research

Sportsman’s Warehouse (NASDAQ:SPWH) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on SPWH. Weiss Ratings raised Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Hold” and an average target price of $2.58.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH opened at $1.18 on Thursday. The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $1.24 and its two-hundred day moving average price is $1.32. The stock has a market capitalization of $46.04 million, a P/E ratio of -0.91 and a beta of 0.42. Sportsman’s Warehouse has a 52-week low of $1.08 and a 52-week high of $3.68.

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. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The firm had revenue of $256.08 million during the quarter, compared to analysts’ expectations of $252.30 million. During the same quarter in the prior year, the firm earned ($0.56) EPS. As a group, sell-side analysts forecast that Sportsman’s Warehouse will post -0.34 earnings per share for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at $41,000. SBI Securities Co. Ltd. increased its holdings in 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. Prudential Financial Inc. acquired a new position in Sportsman’s Warehouse in the second quarter valued at about $56,000. Centiva Capital LP bought a new position in Sportsman’s Warehouse during the third quarter worth about $63,000. Finally, Teton Advisors LLC grew its position in shares of Sportsman’s Warehouse by 14.3% during the 1st quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $113,000 after buying an additional 10,000 shares during the period. 83.04% of the stock is owned by institutional investors.

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.