Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) – Analysts at Piper Jaffray Companies dropped their Q2 2020 earnings per share estimates for shares of Sportsman’s Warehouse in a research note issued to investors on Thursday, May 30th, according to Zacks Investment Research. Piper Jaffray Companies analyst P. Keith now anticipates that the company will earn $0.12 per share for the quarter, down from their prior estimate of $0.19. Piper Jaffray Companies also issued estimates for Sportsman’s Warehouse’s Q3 2020 earnings at $0.24 EPS, FY2020 earnings at $0.51 EPS, Q2 2021 earnings at $0.15 EPS, Q3 2021 earnings at $0.27 EPS and FY2021 earnings at $0.58 EPS.
Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Thursday, May 30th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Sportsman’s Warehouse had a return on equity of 34.24% and a net margin of 2.86%. The business had revenue of $174.00 million during the quarter, compared to analysts’ expectations of $177.48 million. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was down 3.4% compared to the same quarter last year.
Several other research firms also recently commented on SPWH. ValuEngine downgraded Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a report on Sunday, March 3rd. Zacks Investment Research downgraded Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a report on Saturday, March 30th. Finally, BidaskClub downgraded Sportsman’s Warehouse from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $7.56.
Shares of NASDAQ SPWH traded up $0.05 during midday trading on Monday, hitting $3.75. The company’s stock had a trading volume of 157,272 shares, compared to its average volume of 260,574. The company has a current ratio of 1.05, a quick ratio of 0.04 and a debt-to-equity ratio of 2.58. The business’s 50 day moving average price is $3.90. Sportsman’s Warehouse has a 12-month low of $3.41 and a 12-month high of $6.69. The firm has a market capitalization of $160.33 million, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.72 and a beta of 0.25.
Large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA boosted its position in shares of Sportsman’s Warehouse by 251.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,742 shares of the company’s stock worth $37,000 after purchasing an additional 5,537 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Sportsman’s Warehouse in the 1st quarter worth $71,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the 4th quarter worth $72,000. BerganKDV Wealth Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the 1st quarter worth $120,000. Finally, Bank of America Corp DE boosted its position in shares of Sportsman’s Warehouse by 78.1% in the 4th quarter. Bank of America Corp DE now owns 28,793 shares of the company’s stock worth $127,000 after purchasing an additional 12,622 shares in the last quarter. Institutional investors and hedge funds own 93.39% 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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