Sportsman’s Warehouse (NASDAQ:SPWH) Announces Quarterly Earnings Results

Sportsman’s Warehouse (NASDAQ:SPWH) released its quarterly earnings data on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.10, Briefing.com reports. Sportsman’s Warehouse had a negative return on equity of 8.79% and a negative net margin of 2.25%. The firm had revenue of $370.39 million during the quarter, compared to analyst estimates of $373.61 million. During the same period in the prior year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sportsman’s Warehouse updated its FY 2024 guidance to EPS.

Sportsman’s Warehouse Price Performance

SPWH stock traded up $0.12 during mid-day trading on Friday, reaching $3.91. The company had a trading volume of 836,323 shares, compared to its average volume of 437,019. The stock has a 50 day simple moving average of $3.51 and a two-hundred day simple moving average of $4.18. The company has a market capitalization of $146.27 million, a price-to-earnings ratio of -4.86 and a beta of 0.76. Sportsman’s Warehouse has a 52 week low of $2.74 and a 52 week high of $8.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its stake in Sportsman’s Warehouse by 12.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,616,675 shares of the company’s stock valued at $22,189,000 after purchasing an additional 284,532 shares during the period. Cannell Capital LLC boosted its stake in Sportsman’s Warehouse by 61.8% in the 1st quarter. Cannell Capital LLC now owns 2,589,973 shares of the company’s stock valued at $27,687,000 after purchasing an additional 989,565 shares during the period. Vanguard Group Inc. raised its holdings in Sportsman’s Warehouse by 7.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,328,871 shares of the company’s stock valued at $19,330,000 after acquiring an additional 151,689 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in Sportsman’s Warehouse by 16.3% in the 2nd quarter. Stephens Investment Management Group LLC now owns 1,315,898 shares of the company’s stock valued at $7,501,000 after acquiring an additional 184,444 shares in the last quarter. Finally, Gabelli Funds LLC raised its holdings in Sportsman’s Warehouse by 0.4% in the 1st quarter. Gabelli Funds LLC now owns 1,167,631 shares of the company’s stock valued at $9,902,000 after acquiring an additional 4,076 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on SPWH shares. StockNews.com upgraded Sportsman’s Warehouse to a “sell” rating in a report on Thursday, January 11th. Robert W. Baird decreased their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, B. Riley decreased their price target on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.25.

About Sportsman’s Warehouse

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 apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.