ValuEngine Downgrades Sportsman’s Warehouse Holdings, Inc. (SPWH) to Hold

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities research analysts have also commented on SPWH. DA Davidson reaffirmed a “buy” rating and set a $8.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Saturday, June 3rd. TheStreet raised shares of Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a report on Tuesday, May 30th. MKM Partners reissued a “buy” rating and issued a $7.00 target price on shares of Sportsman’s Warehouse Holdings in a report on Wednesday, August 16th. Piper Jaffray Companies set a $6.00 target price on shares of Sportsman’s Warehouse Holdings and gave the stock a “hold” rating in a report on Sunday, August 20th. Finally, Forward View set a $4.00 target price on shares of Sportsman’s Warehouse Holdings and gave the stock a “hold” rating in a report on Saturday, August 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sportsman’s Warehouse Holdings presently has a consensus rating of “Hold” and a consensus target price of $7.21.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) opened at 4.21 on Friday. Sportsman’s Warehouse Holdings has a 52-week low of $3.40 and a 52-week high of $11.16. The stock has a 50 day moving average of $4.28 and a 200-day moving average of $4.79. The company has a market capitalization of $175.56 million, a price-to-earnings ratio of 7.71 and a beta of -0.82.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last released its quarterly earnings results on Thursday, August 17th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Sportsman’s Warehouse Holdings had a net margin of 2.94% and a return on equity of 90.52%. The firm had revenue of $191.50 million during the quarter, compared to analyst estimates of $191.28 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts anticipate that Sportsman’s Warehouse Holdings will post $0.63 earnings per share for the current fiscal year.

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In related news, CEO John V. Schaefer sold 473,724 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $5.37, for a total value of $2,543,897.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jon Barker bought 14,000 shares of Sportsman’s Warehouse Holdings stock in a transaction that occurred on Wednesday, August 23rd. The stock was purchased at an average cost of $4.13 per share, with a total value of $57,820.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 25,700 shares of company stock valued at $116,626 and sold 1,148,821 shares valued at $6,213,192. Corporate insiders own 4.15% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Karp Capital Management Corp acquired a new position in Sportsman’s Warehouse Holdings during the first quarter valued at $100,000. Marshall Wace North America L.P. acquired a new position in Sportsman’s Warehouse Holdings during the second quarter valued at $109,000. Nationwide Fund Advisors increased its position in Sportsman’s Warehouse Holdings by 35.8% in the second quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock valued at $111,000 after buying an additional 5,442 shares during the last quarter. Gotham Asset Management LLC acquired a new position in Sportsman’s Warehouse Holdings during the second quarter valued at $114,000. Finally, Goldman Sachs Group Inc. increased its position in Sportsman’s Warehouse Holdings by 71.1% in the first quarter. Goldman Sachs Group Inc. now owns 23,956 shares of the company’s stock valued at $115,000 after buying an additional 9,952 shares during the last quarter. Institutional investors and hedge funds own 88.42% of the company’s stock.

Sportsman’s Warehouse Holdings Company Profile

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

Analyst Recommendations for Sportsman`s Warehouse Holdings (NASDAQ:SPWH)

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