Business

Market Surprised by Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)

Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH)

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)

Shares of Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) are up over 28% in mid-day trading after the company announced, after the market closed on Thursday, its latest financial results. With one hour left in the regular trading session, SPWH stock is trading around $4.50 on very heavy volume. SPWH stock has a listed 30-day, daily trading average of 835,500, but by 3PM EST over 10 million shares had traded hands.

Sportsman’s Warehouse Stock Chart:

Sportsman's Warehouse Holdings Inc (NASDAQ:SPWH)
One month stock price chart for SPWH

Last year, Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) posted a Q2 EPS figure of $0.20. This year the company posted $0.15 EPS but that was above the consensus expectation of $0.13. For Q2 2016, the company posted $189.8 million in revenue and that number was beaten by this year’s Q2 number of $191.5 million which was $0.4 million less than street expectations of $191.9 million.

Headquartered in Midvale, UT, Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) also provided guidance for Q3 2017. The company said it expects revenue in the range of $220 million to $225 million. Sportsman’s Warehouse expects full-year earnings in the range of $0.60 to $0.66 per share, with revenue ranging from $825 – $835 million. Shares of Sportsman’s Warehouse have a consensus analyst price target of $6.57 and 52-week range of $3.40 – $11.30. Five investment firms follow Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH). Three rate SPWH stock as a “Strong Buy” while two rate the shares as a “Hold”.

Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH), founded in 1986, operates outdoor sporting goods retail stores in the United States. Additionally, it offers private label offerings under the Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost River, and Sportsman’s Warehouse brand names. As of February 21, 2017, the company operated 77 retail stores in 20 states.

I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.

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About the author: James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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James Marion is a University of Houston student studying Business with a concentration in Finance. James has interned with several investment professionals and hopes to pursue a career as a professional stock analyst after graduation.

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