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Sportsman’s Warehouse (NASDAQ:SPWH) Releases Q4 Earnings Guidance


Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) updated its fourth quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.25-0.35 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $370-385 million, compared to the consensus revenue estimate of $403.75 million. Sportsman’s Warehouse also updated its FY 2022 guidance to $0.98-$1.08 EPS.

Sportsman’s Warehouse Stock Up 2.6 %

Shares of Sportsman’s Warehouse stock traded up $0.26 during trading on Wednesday, hitting $10.31. 855,201 shares of the stock traded hands, compared to its average volume of 744,235. The stock has a market cap of $400.73 million, a price-to-earnings ratio of 4.69 and a beta of 0.85. Sportsman’s Warehouse has a 52 week low of $7.75 and a 52 week high of $13.37. The firm’s fifty day moving average is $9.10 and its 200-day moving average is $9.37.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SPWH. Robert W. Baird lowered their target price on Sportsman’s Warehouse from $11.00 to $9.00 and set a neutral rating for the company in a research note on Friday, September 2nd. B. Riley upped their target price on shares of Sportsman’s Warehouse from $14.00 to $16.00 and gave the stock a buy rating in a research report on Monday, September 26th. StockNews.com started coverage on shares of Sportsman’s Warehouse in a research note on Wednesday, October 12th. They set a hold rating on the stock. Finally, Lake Street Capital decreased their target price on shares of Sportsman’s Warehouse from $19.00 to $17.00 in a research note on Friday, September 2nd. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus price target of $13.40.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in SPWH. Ancora Advisors LLC purchased a new stake in Sportsman’s Warehouse in the 1st quarter worth approximately $52,000. UBS Group AG raised its position in shares of Sportsman’s Warehouse by 145.2% during the 2nd quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares during the period. Point72 Hong Kong Ltd raised its position in shares of Sportsman’s Warehouse by 535.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 7,427 shares of the company’s stock valued at $79,000 after purchasing an additional 6,258 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Sportsman’s Warehouse during the 3rd quarter valued at $85,000. Finally, Teton Advisors Inc. increased its stake in Sportsman’s Warehouse by 50.0% in the 1st quarter. Teton Advisors Inc. now owns 15,000 shares of the company’s stock worth $160,000 after buying an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 92.34% of the company’s stock.

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

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