Sportsman's Warehouse (NASDAQ:SPWH) Releases Earnings Results, Beats Expectations By $0.07 EPS

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.07, Zacks reports. The company had revenue of $249.10 million for the quarter, compared to the consensus estimate of $238.25 million. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. During the same period in the prior year, the firm posted ($0.47) EPS. Sportsman's Warehouse updated its FY 2025 guidance to EPS.

Sportsman's Warehouse Stock Performance

Shares of NASDAQ:SPWH traded up $0.39 during trading on Friday, hitting $3.02. The company's stock had a trading volume of 3,178,930 shares, compared to its average volume of 1,012,477. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The firm has a market cap of $115.72 million, a price-to-earnings ratio of -3.43 and a beta of 0.45. The company has a 50-day moving average of $1.81 and a 200-day moving average of $1.87. Sportsman's Warehouse has a 12 month low of $0.92 and a 12 month high of $3.37.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPWH. Roth Capital restated a "buy" rating and issued a $3.00 price objective (up from $2.50) on shares of Sportsman's Warehouse in a report on Wednesday. B. Riley restated a "buy" rating and set a $4.00 target price (up previously from $3.00) on shares of Sportsman's Warehouse in a research note on Wednesday. Roth Mkm reduced their price target on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. Finally, Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $3.00.

Insider Activity at Sportsman's Warehouse

In related news, Director Richard D. Mcbee acquired 75,000 shares of Sportsman's Warehouse stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the purchase, the director now directly owns 339,886 shares of the company's stock, valued at approximately $910,894.48. This trade represents a 28.31% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Sportsman's Warehouse

A hedge fund recently raised its stake in Sportsman's Warehouse stock. Acadian Asset Management LLC grew its stake in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 217.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,605 shares of the company's stock after buying an additional 148,296 shares during the period. Acadian Asset Management LLC owned 0.57% of Sportsman's Warehouse worth $214,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 83.04% of the company's stock.

About Sportsman's Warehouse

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.