Wall Street analysts expect Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) to post sales of $222.03 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sportsman’s Warehouse Holdings’ earnings, with estimates ranging from $220.70 million to $222.90 million. Sportsman’s Warehouse Holdings posted sales of $217.16 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is expected to report its next quarterly earnings results on Thursday, November 16th.

According to Zacks, analysts expect that Sportsman’s Warehouse Holdings will report full year sales of $222.03 million for the current financial year, with estimates ranging from $820.90 million to $833.20 million. For the next year, analysts expect that the firm will report sales of $876.90 million per share, with estimates ranging from $876.70 million to $877.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Sportsman’s Warehouse Holdings.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last released its quarterly earnings data on Thursday, August 17th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $191.50 million during the quarter, compared to the consensus estimate of $191.28 million. Sportsman’s Warehouse Holdings had a net margin of 2.94% and a return on equity of 90.52%. The firm’s revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share.

A number of brokerages have weighed in on SPWH. Piper Jaffray Companies reiterated a “hold” rating and issued a $6.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Sunday, October 1st. MKM Partners reiterated a “buy” rating and issued a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Wednesday, August 16th. DA Davidson reiterated a “buy” rating and issued a $8.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Tuesday, August 15th. Robert W. Baird reiterated a “buy” rating and issued a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Thursday, September 21st. Finally, ValuEngine cut Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $6.81.

In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson bought 10,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $5.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jon Barker bought 14,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $4.13 per share, for a total transaction of $57,820.00. The disclosure for this purchase can be found here. Insiders have bought 25,700 shares of company stock worth $116,626 in the last 90 days. Company insiders own 4.15% of the company’s stock.

Several hedge funds have recently made changes to their positions in SPWH. Teachers Advisors LLC grew its holdings in shares of Sportsman’s Warehouse Holdings by 11.4% during the fourth quarter. Teachers Advisors LLC now owns 48,195 shares of the company’s stock worth $453,000 after purchasing an additional 4,940 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Sportsman’s Warehouse Holdings during the first quarter valued at $100,000. Oxford Asset Management lifted its stake in shares of Sportsman’s Warehouse Holdings by 18.2% during the first quarter. Oxford Asset Management now owns 107,080 shares of the company’s stock valued at $512,000 after acquiring an additional 16,476 shares during the period. California Public Employees Retirement System acquired a new position in shares of Sportsman’s Warehouse Holdings during the first quarter valued at $122,000. Finally, Menta Capital LLC lifted its stake in shares of Sportsman’s Warehouse Holdings by 33.9% during the first quarter. Menta Capital LLC now owns 126,554 shares of the company’s stock valued at $605,000 after acquiring an additional 32,031 shares during the period. Institutional investors own 88.42% of the company’s stock.

Shares of Sportsman’s Warehouse Holdings (SPWH) opened at 4.40 on Friday. The firm has a 50-day moving average price of $4.31 and a 200-day moving average price of $4.72. The company has a market capitalization of $183.48 million, a PE ratio of 8.06 and a beta of -0.79. Sportsman’s Warehouse Holdings has a 1-year low of $3.40 and a 1-year high of $10.88.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.watchlistnews.com/222-03-million-in-sales-expected-for-sportsmans-warehouse-holdings-inc-spwh-this-quarter/1614352.html.

About Sportsman’s Warehouse Holdings

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.

Get a free copy of the Zacks research report on Sportsman’s Warehouse Holdings (SPWH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sportsman`s Warehouse Holdings (NASDAQ:SPWH)

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