Sportsman’s Warehouse (NASDAQ:SPWH) Downgraded by Wall Street Zen to Sell

Wall Street Zen lowered shares of Sportsman’s Warehouse (NASDAQ:SPWH) from a hold rating to a sell rating in a research report released on Saturday morning.

A number of other analysts have also recently issued reports on SPWH. Roth Mkm dropped their price objective on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a report on Friday, December 5th. Robert W. Baird reduced their target price on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a report on Friday, December 5th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.94.

Sportsman’s Warehouse Price Performance

SPWH opened at $1.28 on Friday. Sportsman’s Warehouse has a fifty-two week low of $1.08 and a fifty-two week high of $4.33. The firm has a 50-day moving average of $1.32 and a 200 day moving average of $1.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.06 and a current ratio of 1.36. The firm has a market cap of $49.26 million, a P/E ratio of -0.98 and a beta of 0.46.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%.The company had revenue of $334.86 million during the quarter, compared to the consensus estimate of $334.89 million. On average, research analysts expect that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership lifted its stake in Sportsman’s Warehouse by 245.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock worth $3,736,000 after purchasing an additional 769,051 shares during the last quarter. Union Square Park Capital Management LLC boosted its stake in Sportsman’s Warehouse by 33.5% in the fourth quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock worth $3,473,000 after buying an additional 596,658 shares in the last quarter. Archon Capital Management LLC boosted its stake in Sportsman’s Warehouse by 51.6% in the fourth quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after buying an additional 568,151 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new position in Sportsman’s Warehouse during the fourth quarter valued at approximately $819,000. Finally, JPMorgan Chase & Co. grew its position in Sportsman’s Warehouse by 123.4% during the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after acquiring an additional 411,295 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.