Sportsman's Warehouse (NASDAQ:SPWH) Releases Earnings Results

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.41) earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 11.72% and a negative net margin of 2.69%. During the same period in the previous year, the business earned ($0.47) earnings per share. Sportsman's Warehouse updated its FY 2025 guidance to EPS.

Sportsman's Warehouse Stock Up 6.2%

NASDAQ SPWH traded up $0.16 on Thursday, reaching $2.74. The company had a trading volume of 706,900 shares, compared to its average volume of 1,000,251. Sportsman's Warehouse has a 1-year low of $0.92 and a 1-year high of $3.45. The firm has a market capitalization of $104.91 million, a price-to-earnings ratio of -3.11 and a beta of 0.55. The company's fifty day moving average is $1.74 and its 200-day moving average is $1.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Institutional Investors Weigh In On Sportsman's Warehouse

A hedge fund recently raised its stake in Sportsman's Warehouse stock. Goldman Sachs Group Inc. grew its stake in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 30.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 318,683 shares of the company's stock after acquiring an additional 74,601 shares during the period. Goldman Sachs Group Inc. owned 0.83% of Sportsman's Warehouse worth $317,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

SPWH has been the subject of several research analyst reports. Roth Mkm dropped their price objective on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Roth Capital reiterated a "buy" rating and set a $3.00 target price (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday. Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price for the company in a research report on Wednesday, April 2nd. Finally, B. Riley reiterated a "buy" rating and set a $4.00 target price (up previously from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $3.00.

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.