Sportsman’s Warehouse (NASDAQ:SPWH) Issues Earnings Results, Beats Estimates By $0.10 EPS

Sportsman’s Warehouse (NASDAQ:SPWH) issued its 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. The company had revenue of $370.39 million during the quarter, compared to analyst estimates of $373.61 million. Sportsman’s Warehouse had a negative return on equity of 8.79% and a negative net margin of 2.25%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Sportsman’s Warehouse updated its FY 2024 guidance to EPS.

Sportsman’s Warehouse Stock Up 3.2 %

Shares of Sportsman’s Warehouse stock traded up $0.12 on Friday, hitting $3.91. 607,410 shares of the company were exchanged, compared to its average volume of 432,809. The stock has a market capitalization of $146.27 million, a price-to-earnings ratio of -4.86 and a beta of 0.76. The company has a 50-day moving average price of $3.51 and a 200 day moving average price of $4.18. Sportsman’s Warehouse has a 1-year low of $2.74 and a 1-year high of $8.85.

Institutional Trading of Sportsman’s Warehouse

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPWH. StockNews.com upgraded Sportsman’s Warehouse to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird cut their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, B. Riley cut their price target on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, Sportsman’s Warehouse currently has an average rating of “Hold” and a consensus target price of $7.25.

Sportsman’s Warehouse Company Profile

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.