Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH – Get Rating) – Research analysts at B. Riley boosted their Q2 2024 EPS estimates for shares of Sportsman's Warehouse in a research note issued on Monday, September 26th. B. Riley analyst E. Wold now anticipates that the company will post earnings per share of $0.46 for the quarter, up from their prior estimate of $0.45. B. Riley currently has a "Buy" rating and a $16.00 target price on the stock. The consensus estimate for Sportsman's Warehouse's current full-year earnings is $1.11 per share.
Get Sportsman's Warehouse alerts:Sportsman's Warehouse (NASDAQ:SPWH – Get Rating) last posted its quarterly earnings results on Thursday, September 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.10. Sportsman's Warehouse had a net margin of 6.56% and a return on equity of 21.28%. The company had revenue of $351.02 million for the quarter, compared to the consensus estimate of $338.27 million. During the same period last year, the firm posted $0.44 EPS. The company's revenue for the quarter was down 3.0% on a year-over-year basis.
Other research analysts have also issued reports about the stock. Craig Hallum reduced their target price on shares of Sportsman's Warehouse from $20.00 to $15.00 in a research note on Wednesday, June 1st. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research note on Wednesday, June 29th. Piper Sandler dropped their price target on shares of Sportsman's Warehouse from $12.00 to $10.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 1st. Lake Street Capital dropped their price target on shares of Sportsman's Warehouse from $19.00 to $17.00 in a research report on Friday, September 2nd. Finally, Robert W. Baird dropped their price target on shares of Sportsman's Warehouse from $11.00 to $9.00 and set a "neutral" rating on the stock in a research report on Friday, September 2nd. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $13.40.Sportsman's Warehouse Stock Performance
Sportsman's Warehouse stock opened at $8.56 on Tuesday. Sportsman's Warehouse has a 1 year low of $7.75 and a 1 year high of $17.95. The firm's 50-day moving average is $9.39 and its 200-day moving average is $9.88. The company has a market cap of $332.71 million, a P/E ratio of 3.89 and a beta of 0.93.
Institutional Trading of Sportsman's Warehouse
Hedge funds and other institutional investors have recently made changes to their positions in the business. Union Square Park Capital Management LLC purchased a new position in shares of Sportsman's Warehouse in the fourth quarter worth approximately $3,245,000. Kent Lake Capital LLC purchased a new position in shares of Sportsman's Warehouse in the fourth quarter worth approximately $3,245,000. Squarepoint Ops LLC purchased a new position in shares of Sportsman's Warehouse in the fourth quarter worth approximately $2,521,000. DRW Securities LLC purchased a new position in shares of Sportsman's Warehouse in the fourth quarter worth approximately $2,124,000. Finally, Marshall Wace LLP increased its position in shares of Sportsman's Warehouse by 326.3% in the fourth quarter. Marshall Wace LLP now owns 1,927,453 shares of the company's stock worth $22,743,000 after acquiring an additional 1,475,269 shares in the last quarter. 92.34% of the stock is currently owned by institutional investors.
About Sportsman's Warehouse
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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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