Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) – Equities research analysts at Piper Jaffray Companies boosted their FY2020 EPS estimates for Sportsman’s Warehouse in a report released on Wednesday, December 4th, Zacks Investment Research reports. Piper Jaffray Companies analyst P. Keith now anticipates that the company will earn $0.59 per share for the year, up from their previous forecast of $0.54. Piper Jaffray Companies has a “In-Line” rating and a $11.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Sportsman’s Warehouse’s Q4 2020 earnings at $0.32 EPS, Q3 2021 earnings at $0.32 EPS, Q4 2021 earnings at $0.34 EPS, FY2021 earnings at $0.71 EPS, Q1 2022 earnings at ($0.13) EPS, Q2 2022 earnings at $0.21 EPS, Q3 2022 earnings at $0.36 EPS and FY2022 earnings at $0.81 EPS.
Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Wednesday, December 4th. The company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $242.50 million during the quarter, compared to the consensus estimate of $235.39 million. Sportsman’s Warehouse had a net margin of 2.43% and a return on equity of 24.83%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share.
SPWH has been the subject of several other reports. Robert W. Baird lifted their price target on Sportsman’s Warehouse from $7.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, December 5th. DA Davidson set a $6.00 price objective on shares of Sportsman’s Warehouse and gave the stock a “buy” rating in a research note on Monday, September 23rd. BidaskClub raised shares of Sportsman’s Warehouse from a “buy” rating to a “strong-buy” rating in a report on Sunday, October 13th. Craig Hallum assumed coverage on shares of Sportsman’s Warehouse in a research note on Thursday, December 12th. They issued a “buy” rating and a $12.00 target price for the company. Finally, ValuEngine lowered shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Sportsman’s Warehouse presently has an average rating of “Buy” and an average target price of $8.30.
Shares of SPWH stock traded up $0.04 on Friday, hitting $8.08. The company had a trading volume of 1,335,800 shares, compared to its average volume of 428,021. The company has a 50-day moving average price of $7.64 and a 200-day moving average price of $5.44. The company has a quick ratio of 0.04, a current ratio of 1.01 and a debt-to-equity ratio of 2.27. The firm has a market cap of $347.14 million, a P/E ratio of 13.48 and a beta of 0.36. Sportsman’s Warehouse has a twelve month low of $3.41 and a twelve month high of $8.82.
Several institutional investors have recently bought and sold shares of the company. Stephens Investment Management Group LLC raised its stake in shares of Sportsman’s Warehouse by 37.7% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,669,605 shares of the company’s stock worth $6,311,000 after buying an additional 457,306 shares during the period. Millennium Management LLC increased its holdings in Sportsman’s Warehouse by 1,692.4% in the 3rd quarter. Millennium Management LLC now owns 382,552 shares of the company’s stock worth $1,981,000 after acquiring an additional 361,209 shares in the last quarter. Scion Asset Management LLC increased its holdings in Sportsman’s Warehouse by 27.7% in the 2nd quarter. Scion Asset Management LLC now owns 1,597,011 shares of the company’s stock worth $6,037,000 after acquiring an additional 346,892 shares in the last quarter. BlackRock Inc. raised its position in Sportsman’s Warehouse by 11.4% during the second quarter. BlackRock Inc. now owns 2,769,797 shares of the company’s stock worth $10,469,000 after acquiring an additional 282,990 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its position in Sportsman’s Warehouse by 16.9% during the second quarter. D. E. Shaw & Co. Inc. now owns 611,760 shares of the company’s stock worth $2,312,000 after acquiring an additional 88,276 shares during the period. Institutional investors and hedge funds own 97.49% of the company’s stock.
Sportsman’s Warehouse Company Profile
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.
