Sportsman’s Warehouse (NASDAQ:SPWH) updated its third quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.24-0.27 for the period, compared to the Thomson Reuters consensus estimate of $0.27. The company issued revenue guidance of $220-228 million, compared to the consensus revenue estimate of $227.47 million.Sportsman’s Warehouse also updated its FY19 guidance to $0.57-0.63 EPS.

Several equities research analysts have recently commented on the company. Credit Suisse Group boosted their price objective on Sportsman’s Warehouse from $6.00 to $7.50 and gave the company an outperform rating in a report on Friday. ValuEngine upgraded Sportsman’s Warehouse from a sell rating to a hold rating in a report on Wednesday, June 20th. Zacks Investment Research downgraded Sportsman’s Warehouse from a buy rating to a hold rating in a report on Saturday, July 21st. Finally, DA Davidson set a $7.00 price objective on Sportsman’s Warehouse and gave the company a buy rating in a report on Wednesday, August 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $5.64.

Shares of NASDAQ:SPWH opened at $6.12 on Friday. The company has a market cap of $232.30 million, a P/E ratio of 10.82, a P/E/G ratio of 0.91 and a beta of -0.65. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.06 and a current ratio of 1.63. Sportsman’s Warehouse has a 12-month low of $3.66 and a 12-month high of $6.99.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, August 23rd. The company reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.02. The company had revenue of $203.30 million for the quarter, compared to analysts’ expectations of $203.27 million. Sportsman’s Warehouse had a return on equity of 48.91% and a net margin of 1.97%. Sportsman’s Warehouse’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.15 earnings per share. research analysts predict that Sportsman’s Warehouse will post 0.6 earnings per share for the current fiscal year.

In related news, Director Seidler Kutsenda Management Co sold 2,822,652 shares of Sportsman’s Warehouse stock in a transaction that occurred on Monday, July 23rd. The stock was sold at an average price of $4.78, for a total transaction of $13,492,276.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 4,617,652 shares of company stock worth $23,189,827. 4.15% of the stock is owned by insiders.

A hedge fund recently raised its stake in Sportsman’s Warehouse stock. Bank of New York Mellon Corp lifted its stake in shares of Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 184,527 shares of the company’s stock after buying an additional 12,771 shares during the period. Bank of New York Mellon Corp owned about 0.43% of Sportsman’s Warehouse worth $945,000 at the end of the most recent quarter. Institutional investors own 90.07% of the company’s stock.

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

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

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