Sportsman’s Warehouse (NASDAQ:SPWH – Get Rating) will issue its quarterly earnings data after the market closes on Tuesday, May 30th. Analysts expect the company to announce earnings of ($0.37) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
Sportsman’s Warehouse (NASDAQ:SPWH – Get Rating) last announced its quarterly earnings results on Thursday, April 13th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.06. Sportsman’s Warehouse had a net margin of 2.90% and a return on equity of 14.69%. The firm had revenue of $379.27 million during the quarter, compared to analysts’ expectations of $378.57 million. During the same period in the previous year, the company earned $0.49 earnings per share. Sportsman’s Warehouse’s quarterly revenue was down 8.9% compared to the same quarter last year. On average, analysts expect Sportsman’s Warehouse to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Sportsman’s Warehouse Price Performance
Shares of SPWH opened at $5.93 on Tuesday. Sportsman’s Warehouse has a 1-year low of $5.75 and a 1-year high of $11.11. The stock has a market cap of $224.04 million, a PE ratio of 5.81 and a beta of 0.87. The firm has a fifty day moving average price of $7.10 and a 200 day moving average price of $8.64.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on SPWH shares. Lake Street Capital reduced their price target on shares of Sportsman’s Warehouse from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, April 13th. B. Riley reduced their target price on shares of Sportsman’s Warehouse from $16.00 to $12.00 and set a “buy” rating for the company in a report on Thursday, April 13th. Craig Hallum cut shares of Sportsman’s Warehouse from a “buy” rating to a “hold” rating and reduced their target price for the company from $13.00 to $10.00 in a report on Thursday, April 13th. Robert W. Baird reduced their target price on shares of Sportsman’s Warehouse from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Thursday, April 13th. Finally, StockNews.com assumed coverage on shares of Sportsman’s Warehouse in a report on Thursday, May 18th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $10.20.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in SPWH. Swiss National Bank raised its holdings in Sportsman’s Warehouse by 7.8% during the first quarter. Swiss National Bank now owns 103,700 shares of the company’s stock worth $1,109,000 after purchasing an additional 7,500 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sportsman’s Warehouse by 359.7% during the first quarter. JPMorgan Chase & Co. now owns 148,036 shares of the company’s stock worth $1,581,000 after purchasing an additional 115,830 shares in the last quarter. MetLife Investment Management LLC raised its holdings in Sportsman’s Warehouse by 128.5% during the first quarter. MetLife Investment Management LLC now owns 22,488 shares of the company’s stock worth $240,000 after purchasing an additional 12,648 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sportsman’s Warehouse by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,309 shares of the company’s stock worth $16,361,000 after purchasing an additional 338,566 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Sportsman’s Warehouse by 43.2% during the first quarter. Canada Pension Plan Investment Board now owns 345,000 shares of the company’s stock worth $3,688,000 after purchasing an additional 104,000 shares in the last quarter.
Sportsman’s Warehouse Company Profile
Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.