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Jul 03, 2023

B. Riley Equities Analysts Reduce Earnings Estimates for Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) - Analysts at B. Riley reduced their Q2 2024 earnings per share estimates for Sportsman's Warehouse in a report released on Friday,

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) - Analysts at B. Riley reduced their Q2 2024 earnings per share estimates for Sportsman's Warehouse in a report released on Friday, August 25th. B. Riley analyst E. Wold now anticipates that the company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. The consensus estimate for Sportsman's Warehouse's current full-year earnings is $0.33 per share. B. Riley also issued estimates for Sportsman's Warehouse's FY2024 earnings at $0.33 EPS and Q2 2025 earnings at $0.22 EPS.

A number of other analysts also recently commented on the stock. Robert W. Baird decreased their price objective on shares of Sportsman's Warehouse from $7.00 to $6.50 in a report on Wednesday, May 31st. StockNews.com started coverage on shares of Sportsman's Warehouse in a research report on Thursday, August 17th. They set a "sell" rating for the company. Finally, TheStreet downgraded shares of Sportsman's Warehouse from a "c" rating to a "d+" rating in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $9.88.

Check Out Our Latest Analysis on SPWH

Shares of NASDAQ:SPWH opened at $4.93 on Monday. The company has a market cap of $185.81 million, a price-to-earnings ratio of 8.96 and a beta of 0.95. Sportsman's Warehouse has a fifty-two week low of $4.18 and a fifty-two week high of $10.62. The firm's 50-day simple moving average is $5.77 and its 200-day simple moving average is $6.71.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Tuesday, May 30th. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.02). Sportsman's Warehouse had a net margin of 1.69% and a return on equity of 9.21%. The business had revenue of $267.50 million during the quarter, compared to analysts' expectations of $266.68 million. During the same period in the prior year, the business earned $0.05 EPS. The business's quarterly revenue was down 13.6% on a year-over-year basis.

In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 10,631 shares of Sportsman's Warehouse stock in a transaction on Thursday, June 1st. The stock was purchased at an average cost of $4.47 per share, for a total transaction of $47,520.57. Following the completion of the purchase, the director now directly owns 75,917 shares of the company's stock, valued at $339,348.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.90% of the company's stock.

A number of institutional investors and hedge funds have recently modified their holdings of SPWH. Public Employees Retirement System of Ohio grew its holdings in shares of Sportsman's Warehouse by 1.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 102,595 shares of the company's stock worth $852,000 after purchasing an additional 1,205 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in Sportsman's Warehouse by 11.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,332 shares of the company's stock valued at $99,000 after purchasing an additional 1,722 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Sportsman's Warehouse by 2.6% in the 1st quarter. SummerHaven Investment Management LLC now owns 79,428 shares of the company's stock valued at $674,000 after acquiring an additional 2,006 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sportsman's Warehouse by 36.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,592 shares of the company's stock valued at $81,000 after acquiring an additional 2,316 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Sportsman's Warehouse by 145.2% in the 2nd quarter. UBS Group AG now owns 4,414 shares of the company's stock valued at $42,000 after acquiring an additional 2,614 shares during the last quarter. 97.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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