Sportsman’s Warehouse Holdings Inc. [NASDAQ: SPWH] stock went on a downward path that fall over -3.85% on Tuesday, amounting to a one-week price decrease of less than -12.79%. The company report on December 3, 2020 that Sportsman’s Warehouse Holdings, Inc. Announces Third Quarter 2020 Financial Results.
Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or the “Company”) (Nasdaq: SPWH) announced financial results for the thirteen and thirty-nine weeks ended October 31, 2020.
“Sportsman’s Warehouse continued its exceptional performance in the third quarter of 2020. We were extremely pleased with the efforts of associates in all of our facilities as we worked as a team to safely and effectively serve customers, both new and returning,” said Jon Barker, Sportsman’s Warehouse CEO. “During the third quarter, same store sales increased 41% compared to the same period last year, driven by elevated participation in fishing, camping and hunting, and our continued market share gains in firearms.”.
Over the last 12 months, SPWH stock rose by 56.78%. The one-year Sportsman’s Warehouse Holdings Inc. stock forecast points to a potential upside of 37.29. The average equity rating for SPWH stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $550.87 million, with 43.61 million shares outstanding and 42.23 million shares in the current float. Compared to the average trading volume of 1.10M shares, SPWH stock reached a trading volume of 1879090 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Sportsman’s Warehouse Holdings Inc. [SPWH]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPWH shares is $19.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPWH stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Lake Street have made an estimate for Sportsman’s Warehouse Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 07, 2020. While these analysts kept the previous recommendation, Lake Street raised their target price to Buy. The new note on the price target was released on January 06, 2020, representing the official price target for Sportsman’s Warehouse Holdings Inc. stock. Previously, the target price had yet another raise to $12, while Craig Hallum analysts kept a Buy rating on SPWH stock.
The Average True Range (ATR) for Sportsman’s Warehouse Holdings Inc. is set at 0.85, with the Price to Sales ratio for SPWH stock in the period of the last 12 months amounting to 0.43. The Price to Book ratio for the last quarter was 3.13, with the Price to Cash per share for the same quarter was set at 0.44. Price to Free Cash Flow for SPWH in the course of the last twelve months was 3.26 with Quick ratio for the last quarter at 0.10.
SPWH Stock Performance Analysis:
Sportsman’s Warehouse Holdings Inc. [SPWH] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.79. With this latest performance, SPWH shares dropped by -11.74% in over the last four-week period, additionally sinking by -1.11% over the last 6 months – not to mention a rise of 56.78% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPWH stock in for the last two-week period is set at 34.60, with the RSI for the last a single of trading hit 30.83, and the three-weeks RSI is set at 39.79 for Sportsman’s Warehouse Holdings Inc. [SPWH]. The present Moving Average for the last 50 days of trading for this stock 14.61, while it was recorded at 13.11 for the last single week of trading, and 12.09 for the last 200 days.
Insight into Sportsman’s Warehouse Holdings Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Sportsman’s Warehouse Holdings Inc. [SPWH] shares currently have an operating margin of +3.85 and a Gross Margin at +28.24. Sportsman’s Warehouse Holdings Inc.’s Net Margin is presently recorded at +2.28.
Return on Total Capital for SPWH is now 8.61, given the latest momentum, and Return on Invested Capital for the company is 8.83. Return on Equity for this stock inclined to 21.40, with Return on Assets sitting at 3.70. When it comes to the capital structure of this company, Sportsman’s Warehouse Holdings Inc. [SPWH] has a Total Debt to Total Equity ratio set at 374.87. Additionally, SPWH Total Debt to Total Capital is recorded at 78.94, with Total Debt to Total Assets ending up at 60.15. Long-Term Debt to Equity for the company is recorded at 218.59, with the Long-Term Debt to Total Capital now at 46.03.
Reflecting on the efficiency of the workforce at the company, Sportsman’s Warehouse Holdings Inc. [SPWH] managed to generate an average of $3,744 per employee. Receivables Turnover for the company is 902.19 with a Total Asset Turnover recorded at a value of 1.62.Sportsman’s Warehouse Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.10 and a Current Ratio set at 1.30.
SPWH Stock EPS
With the latest financial reports released by the company, Sportsman’s Warehouse Holdings Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.19/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SPWH. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sportsman’s Warehouse Holdings Inc. go to 20.72%.
Sportsman’s Warehouse Holdings Inc. [SPWH] Insider Position Details
There are presently around $517 million, in the hands of institutional investors. The top three institutional holders of SPWH stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 6,008,312, which is approximately -0.678% of the company’s market cap and around 1.60% of the total institutional ownership; BLACKROCK INC., holding 2,718,114 shares of the stock with an approximate value of $33.92 million in SPWH stocks shares; and VANGUARD GROUP INC, currently with $29.89 million in SPWH stock with ownership of nearly 13.229% of the company’s market capitalization.
Positions in Sportsman’s Warehouse Holdings Inc. stocks held by institutional investors increased at the end of December and at the time of the December reporting period, where 98 institutional holders increased their position in Sportsman’s Warehouse Holdings Inc. [NASDAQ:SPWH] by around 7,707,697 shares. Additionally, 88 investors decreased positions by around 9,499,137 shares, while 14 investors held positions by with 24,207,363 shares. The mentioned changes placed institutional holdings at 41,414,197 shares, according to the latest SEC report filing. SPWH stock had 41 new institutional investments in for a total of 2,093,792 shares, while 24 institutional investors sold positions of 4,245,036 shares during the same period.