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

Sportsman’s Warehouse (NASDAQ:SPWHGet Free Report) issued its quarterly earnings results on Wednesday. The company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.10, Briefing.com reports. Sportsman’s Warehouse had a negative net margin of 0.71% and a negative return on equity of 1.41%. The company had revenue of $370.39 million for the quarter, compared to analyst estimates of $373.61 million. During the same period in the prior year, the firm earned $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

Shares of SPWH traded up $0.76 during midday trading on Thursday, reaching $3.89. The stock had a trading volume of 1,708,145 shares, compared to its average volume of 415,529. The company’s fifty day simple moving average is $3.51 and its two-hundred day simple moving average is $4.18. The company has a market cap of $145.52 million, a price-to-earnings ratio of -14.96 and a beta of 0.76. Sportsman’s Warehouse has a 1-year low of $2.74 and a 1-year high of $8.85.

Wall Street Analysts Forecast Growth

SPWH has been the topic of several recent research reports. StockNews.com raised shares of Sportsman’s Warehouse to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird cut their price objective on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, B. Riley lowered Sportsman’s Warehouse from a “buy” rating to a “neutral” rating in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $8.00.

Get Our Latest Report on Sportsman’s Warehouse

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC lifted its stake in Sportsman’s Warehouse by 5.5% during the fourth quarter. Nuveen Asset Management LLC now owns 111,384 shares of the company’s stock worth $474,000 after purchasing an additional 5,768 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth approximately $173,000. Gamco Investors INC. ET AL lifted its position in shares of Sportsman’s Warehouse by 4.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 502,125 shares of the company’s stock worth $2,139,000 after buying an additional 22,880 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Sportsman’s Warehouse by 8.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 333,794 shares of the company’s stock valued at $1,422,000 after buying an additional 25,732 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of Sportsman’s Warehouse by 10.3% in the 4th quarter. Royal Bank of Canada now owns 50,349 shares of the company’s stock valued at $214,000 after buying an additional 4,700 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

(Get Free Report)

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.

Featured Articles

Earnings History for Sportsman's Warehouse (NASDAQ:SPWH)

Receive News & Ratings for Sportsman's Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sportsman's Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.