Sportsman's Warehouse (SPWH) Cut to Hold at ValuEngine

Sportsman's Warehouse (NASDAQ:SPWH) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Several other analysts also recently commented on the stock. Ifs Securities upgraded shares of Sportsman's Warehouse from a “market perform” rating to an “outperform” rating and set a $5.00 target price on the stock in a report on Friday, November 17th. DA Davidson set a $7.00 price objective on shares of Sportsman's Warehouse and gave the company a “buy” rating in a report on Wednesday, December 6th. BidaskClub upgraded shares of Sportsman's Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, December 30th. Robert W. Baird reiterated a “buy” rating and issued a $8.00 price objective on shares of Sportsman's Warehouse in a report on Wednesday, January 3rd. Finally, Piper Jaffray Companies set a $5.00 price objective on shares of Sportsman's Warehouse and gave the company a “hold” rating in a report on Thursday, November 16th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $6.07.

Shares of Sportsman's Warehouse (NASDAQ SPWH) opened at $5.09 on Thursday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.03 and a current ratio of 1.54. The company has a market cap of $212.90, a P/E ratio of 9.79, a price-to-earnings-growth ratio of 0.76 and a beta of -0.92. Sportsman's Warehouse has a fifty-two week low of $3.40 and a fifty-two week high of $6.99.

Sportsman's Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.01). The company had revenue of $218.10 million for the quarter, compared to analyst estimates of $222.59 million. Sportsman's Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.25 earnings per share. equities analysts anticipate that Sportsman's Warehouse will post 0.57 earnings per share for the current fiscal year.

In other Sportsman's Warehouse news, CFO Kevan P. Talbot acquired 13,000 shares of the stock in a transaction dated Monday, December 18th. The shares were bought at an average cost of $5.78 per share, for a total transaction of $75,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.15% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nationwide Fund Advisors increased its holdings in Sportsman's Warehouse by 35.8% during the second quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock worth $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 during the second quarter worth $114,000. The Manufacturers Life Insurance Company increased its holdings in Sportsman's Warehouse by 41.2% during the second quarter. The Manufacturers Life Insurance Company now owns 31,397 shares of the company’s stock worth $169,000 after buying an additional 9,156 shares during the last quarter. Yellowstone Partners LLC acquired a new position in Sportsman's Warehouse during the third quarter worth $196,000. Finally, Engineers Gate Manager LP acquired a new position in Sportsman's Warehouse during the fourth quarter worth $207,000. Institutional investors own 99.85% of the company’s stock.

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About Sportsman's Warehouse

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.

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Analyst Recommendations for Sportsman's Warehouse (NASDAQ:SPWH)

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