Brokerages expect Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) to announce sales of $277.55 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Sportsman’s Warehouse’s earnings. The highest sales estimate is $282.30 million and the lowest is $272.80 million. Sportsman’s Warehouse reported sales of $211.77 million during the same quarter last year, which indicates a positive year over year growth rate of 31.1%. The business is expected to issue its next quarterly earnings results on Wednesday, August 26th.
On average, analysts expect that Sportsman’s Warehouse will report full year sales of $1.09 billion for the current year, with estimates ranging from $1.08 billion to $1.10 billion. For the next year, analysts anticipate that the firm will report sales of $1.10 billion, with estimates ranging from $1.09 billion to $1.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sportsman’s Warehouse.
Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, June 4th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.07. Sportsman’s Warehouse had a net margin of 2.56% and a return on equity of 25.53%. The business had revenue of $246.84 million during the quarter, compared to the consensus estimate of $224.71 million. During the same quarter in the prior year, the firm earned ($0.12) EPS. The business’s revenue was up 41.8% on a year-over-year basis.
Several research firms recently commented on SPWH. ValuEngine downgraded shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research note on Thursday, July 2nd. BidaskClub lowered Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Credit Suisse Group upped their price objective on shares of Sportsman’s Warehouse from $8.00 to $13.50 and gave the stock an “outperform” rating in a research note on Friday, June 5th. Craig Hallum boosted their price target on shares of Sportsman’s Warehouse from $12.00 to $16.00 and gave the company a “buy” rating in a report on Friday, June 5th. Finally, Zacks Investment Research raised Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Saturday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Sportsman’s Warehouse currently has an average rating of “Buy” and a consensus target price of $12.69.
SPWH opened at $14.18 on Friday. The business has a fifty day moving average of $12.50 and a 200 day moving average of $8.12. The stock has a market cap of $629.66 million, a P/E ratio of 25.32 and a beta of 0.75. The company has a quick ratio of 0.13, a current ratio of 1.09 and a debt-to-equity ratio of 2.15. Sportsman’s Warehouse has a 52-week low of $3.50 and a 52-week high of $14.90.
In other news, Director Gregory P. Hickey sold 25,114 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $12.41, for a total transaction of $311,664.74. Following the sale, the director now owns 54,177 shares in the company, valued at $672,336.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Martha Helena Bejar sold 7,320 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $13.53, for a total value of $99,039.60. Following the sale, the director now owns 22,472 shares in the company, valued at approximately $304,046.16. The disclosure for this sale can be found here. 2.14% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of SPWH. US Bancorp DE purchased a new stake in Sportsman’s Warehouse in the first quarter valued at approximately $25,000. Bank of Montreal Can boosted its position in Sportsman’s Warehouse by 44.0% in the fourth quarter. Bank of Montreal Can now owns 5,359 shares of the company’s stock valued at $43,000 after buying an additional 1,637 shares during the last quarter. Meeder Asset Management Inc. boosted its position in Sportsman’s Warehouse by 105.0% in the fourth quarter. Meeder Asset Management Inc. now owns 10,378 shares of the company’s stock valued at $83,000 after buying an additional 5,315 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Sportsman’s Warehouse by 21.3% in the first quarter. BNP Paribas Arbitrage SA now owns 13,153 shares of the company’s stock valued at $81,000 after buying an additional 2,307 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Sportsman’s Warehouse in the first quarter valued at approximately $93,000. Institutional investors and hedge funds own 95.49% 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.
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