Sportsman's Warehouse (NASDAQ:SPWH) Rating Lowered to Strong Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Sportsman's Warehouse (NASDAQ:SPWH) from a "sell" to a "strong sell", and Weiss Ratings reissued a "sell (e+)", while analysts remain split (average rating: "Hold").
• Sportsman's Warehouse reported Q1 EPS of ($0.10), missing estimates by $0.01, and shows negative profitability (ROE -10.30%, net margin -4.14%); sell-side forecasts a -0.65 EPS for the year and a consensus price target of $2.94.
• Shares opened at $1.48 (12‑month range $1.08–$4.33) with a market cap of about $57.4M, 50‑/200‑day SMAs of $1.32/$1.78, and institutional ownership around 83%.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) was downgraded by Wall Street Zen from a "sell" rating to a "strong sell" rating in a research report issued to clients and investors on Sunday.

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Sportsman's Warehouse in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $2.94.

Sportsman's Warehouse Price Performance

Shares of NASDAQ SPWH opened at $1.48 on Friday. Sportsman's Warehouse has a twelve month low of $1.08 and a twelve month high of $4.33. The firm has a fifty day simple moving average of $1.32 and a 200 day simple moving average of $1.78. The company has a market capitalization of $57.42 million, a PE ratio of -1.14 and a beta of 0.46. The company has a quick ratio of 0.10, a current ratio of 1.36 and a debt-to-equity ratio of 0.24.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). Sportsman's Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%.The firm had revenue of $334.86 million for the quarter, compared to the consensus estimate of $334.89 million. On average, sell-side analysts forecast that Sportsman's Warehouse will post -0.65 EPS for the current year.

Hedge Funds Weigh In On Sportsman's Warehouse

A number of hedge funds have recently bought and sold shares of SPWH. Gamco Investors INC. ET AL increased its stake in Sportsman's Warehouse by 0.9% in the third quarter. Gamco Investors INC. ET AL now owns 546,000 shares of the company's stock valued at $1,512,000 after purchasing an additional 5,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in Sportsman's Warehouse by 1.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 635,830 shares of the company's stock valued at $928,000 after purchasing an additional 9,450 shares in the last quarter. Prudential Financial Inc. bought a new stake in Sportsman's Warehouse in the second quarter valued at $56,000. Empowered Funds LLC increased its stake in Sportsman's Warehouse by 11.3% in the fourth quarter. Empowered Funds LLC now owns 192,358 shares of the company's stock valued at $281,000 after purchasing an additional 19,465 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in Sportsman's Warehouse in the third quarter valued at $63,000. Institutional investors own 83.04% of the company's stock.

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.

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