Sportsmans Warehouse Holdings Inc Stock Research

Market Summary

USD5.49-0.05

Market Closed

-0.90%

SPWH Stock Price

SPWH RSI Chart

SPWH Valuation

Market Cap

206.1M

Price/Earnings (Trailing)

5.09

Price/Sales (Trailing)

0.15

EV/EBITDA

2.27

Price/Free Cashflow

-12.33

SPWH Price/Sales (Trailing)

SPWH Profitability

Operating Margin

33.00%

EBT Margin

8.16%

Return on Equity

31.03%

Return on Assets

9.5%

Free Cashflow Yield

-8.11%

SPWH Fundamentals

SPWH Revenue

Revenue (TTM)

1.4B

Revenue Y/Y

-8.89%

Revenue Q/Q

5.43%

SPWH Earnings

Earnings (TTM)

40.5M

Earnings Y/Y

-81.13%

Earnings Q/Q

-14.35%

Price Action

52 Week Range

5.3011.11

(Low)(High)

Last 7 days

-9.8%

Last 30 days

-11.7%

Last 90 days

-38.4%

Trailing 12 Months

-42.7%

SPWH Financial Health

Current Ratio

1.35

SPWH Investor Care

Buy Backs (1Y)

14.45%

Diluted EPS (TTM)

Peers (Alternatives to Sportsmans Warehouse Holdings)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
TJX	88.7B	49.9B	-2.61%	19.90%	25.35	1.78	2.85%	6.55%
ROST	35.4B	18.7B	-3.25%	18.71%	23.41	1.89	-1.17%	-12.22%
ULTA	20.8B	10.2B	-25.25%	-3.03%	16.71	2.03	18.28%	26.03%
BBY	16.0B	46.3B	-1.50%	-8.39%	11.28	0.35	-10.55%	-42.18%
DKS	10.6B	12.5B	-12.14%	53.67%	10.14	0.85	3.61%	-23.36%
MID-CAP
FL	3.9B	8.8B	-38.01%	-17.91%	11.34	0.44	-2.22%	-61.70%
GPS	3.1B	15.6B	-12.40%	-24.89%	-15.25	0.2	-6.32%	-178.91%
SIG	2.9B	7.8B	-11.27%	8.68%	7.78	0.37	0.21%	-51.07%
AEO	2.1B	5.0B	-19.12%	-15.96%	16.88	0.42	-0.42%	-70.18%
ODP	1.6B	8.4B	-4.86%	5.93%	8.71	0.19	-0.58%	188.83%
SMALL-CAP
HIBB	650.8M	1.7B	-28.44%	-25.94%	5.08	0.38	1.01%	-26.54%
BBW	272.4M	467.9M	-20.69%	-7.95%	5.68	0.58	13.71%	1.52%
SPWH	206.1M	1.4B	-11.74%	-42.75%	5.09	0.15	-7.08%	-62.65%
BGFV	174.9M	978.5M	-0.89%	-40.38%	10.15	0.18	-13.48%	-80.85%
BNED	72.6M	1.6B	-11.54%	-44.80%	-1.09	0.05	6.40%	39.64%

Financials for Sportsmans Warehouse Holdings

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-2.6%	1,400	1,437	1,478	1,489	1,506
Gross Profit	-2.9%	460	474	483	485	490
S&GA Expenses	-1.6%	402	409	406	405	400
EBITDA	-6.2%	151	161	163	-	-
EBITDA Margin	-3.5%	0.10*	0.11*	0.11*	-	-
Earnings Before Taxes	-54.0%	54.00	117	129	133	144
EBT Margin	-6.6%	0.08*	0.09*	0.09*	-	-
Interest Expenses	40.0%	4.00	3.00	2.00	2.00	1.00
Net Income	-53.9%	41.00	88.00	97.00	100	108
Net Income Margin	-6.7%	0.06*	0.07*	0.07*	-	-
Free Cahsflow	546.1%	18.00	-3.98	-94.30	-	-

Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-7.2%	859	925	856	898	841
Current Assets	-16.3%	426	509	466	516	467
Cash Equivalents	-6.7%	2.00	3.00	6.00	58.00	57.00
Net PPE	10.6%	163	147	137	134	128
Goodwill	0%	1.00	1.00	1.00	1.00	1.00
Liabilities	-11.9%	566	642	576	582	526
Current Liabilities	-21.5%	296	377	328	344	284
Shareholder's Equity	3.5%	293	283	280	316	314
Retained Earnings	4.5%	213	204	239	225	223
Additional Paid-In Capital	0.7%	80.00	79.00	92.00	90.00	91.00
Shares Outstanding	-0.4%	38.00	38.00	39.00	44.00	44.00

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-34.3%	47.00	71.00	54.00	-34.46	-21.63
Share Based Compensation	1.2%	5.00	5.00	4.00	4.00	3.00
Cashflow From Investing	-13.3%	-60.59	-53.47	-58.10	-59.84	-53.45
Cashflow From Financing	-130.3%	-40.83	-17.73	7.00	92.00	67.00
Buy Backs	56.3%	65.00	41.00	104	-	-

Risks for SPWH

What is the probability of a big loss on SPWH?

97.3%

Probability that Sportsmans Warehouse Holdings stock will be more than 20% underwater in next one year

88.5%

Probability that Sportsmans Warehouse Holdings stock will be more than 30% underwater in next one year.

61.1%

Probability that Sportsmans Warehouse Holdings stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does SPWH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Sportsmans Warehouse Holdings was unfortunately bought at previous high price.

Drawdowns

Returns for SPWH

Cumulative Returns on SPWH

-6.3%

7-Year Cumulative Returns

1.2%

5-Year Cumulative Returns

-21.1%

3-Year Cumulative Returns

What are the long-term rolling returns for SPWH?

FIve years rolling returns for Sportsmans Warehouse Holdings.

Annualized Returns

Which funds bought or sold SPWH recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-25	Brandywine Global Investment Management, LLC	added	150	5,597,470	10,034,400	0.04%
2023-05-23	ROYCE & ASSOCIATES LP	added	3.67	-383,453	5,444,160	0.05%
2023-05-18	JPMORGAN CHASE & CO	added	6.84	-47,000	1,230,000	-%
2023-05-18	NEW YORK STATE COMMON RETIREMENT FUND	added	15.66	9,000	235,000	-%
2023-05-18	SkyView Investment Advisors, LLC	added	20.78	29,000	360,000	0.08%
2023-05-17	Advisory Services Network, LLC	unchanged	-	-1,858	16,943	-%
2023-05-17	KB FINANCIAL PARTNERS, LLC	added	18.96	22,000	331,000	0.10%
2023-05-16	JANE STREET GROUP, LLC	added	105	87,613	189,994	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-37.67	-122,252	156,660	-%
2023-05-15	Stephens Investment Management Group LLC	added	17.66	853,204	9,594,730	0.16%

Latest Funds Activity

Are funds buying SPWH calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own SPWH

No. of Funds

Sportsmans Warehouse Holdings News

Schedule 13G FIlings of Sportsmans Warehouse Holdings

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Apr 27, 2023	gamco investors, inc. et al	3.18%	1,198,224	SC 13D/A
Feb 14, 2023	kite lake capital management (uk) llp	5.1%	1,925,000	SC 13G
Feb 13, 2023	cannell capital llc	8.81%	3,322,624	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	6.2%	2,332,143	SC 13G
Feb 08, 2023	goldman sachs group inc	3.7%	1,391,073	SC 13G/A
Jan 31, 2023	blackrock inc.	7.7%	2,885,786	SC 13G/A
Jan 23, 2023	millennium management llc	0.6%	239,966	SC 13G/A
Sep 23, 2022	gamco investors, inc. et al	3.06%	1,189,016	SC 13D
Feb 14, 2022	kite lake capital management (uk) llp	5.6%	2,462,602	SC 13G
Feb 14, 2022	price t rowe associates inc /md/	0.0%	12,293	SC 13G/A

SPWH Fair Value

Show Fair-Value

Recent SEC filings of Sportsmans Warehouse Holdings

View All Filings

Date Filed	Form Type	Document
May 30, 2023	8-K	Current Report
May 02, 2023	8-K	Current Report
Apr 27, 2023	ARS	ARS
Apr 27, 2023	DEF 14A	DEF 14A
Apr 27, 2023	SC 13D/A	13D - Major Acquisition
Apr 18, 2023	3	Insider Trading
Apr 18, 2023	4	Insider Trading
Apr 18, 2023	4	Insider Trading
Apr 17, 2023	PRE 14A	PRE 14A
Apr 13, 2023	10-K	Annual Report

Latest Insider Trading transactions for SPWH

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-04-14	SCHNEIDER JOSEPH P	acquired	-	-	34,819	interim president and ceo
2023-04-14	Fortune Erica	acquired	-	-	1,173	-
2023-04-14	SCHNEIDER JOSEPH P	back to issuer	-	-	-2,055	interim president and ceo
2023-04-10	Barker Jon	sold (taxes)	-632,083	8.4	-75,248	president and ceo
2023-04-10	White Jeffrey Justin	acquired	-	-	35,714	cfo and secretary
2023-04-10	Barker Jon	acquired	-	-	51,025	president and ceo
2023-03-24	Barker Jon	sold (taxes)	-104,506	8.01	-13,047	president and ceo
2023-03-24	White Jeffrey Justin	sold (taxes)	-6,087	8.01	-760	cfo and secretary
2023-03-16	White Jeffrey Justin	sold (taxes)	-2,558	8.39	-305	cfo and secretary
2023-03-16	Barker Jon	sold (taxes)	-75,652	8.39	-9,017	president and ceo

About Sportsmans Warehouse Holdings

Jonathan Barker

https://www.sportsmans.com

7700

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. The company also provides fishing products comprising bait, electronics, fishing rods, flotation items, fly fishing products, lines, lures, reels, tackles, and small boats; and foot wear products consisting of hiking and work boots, socks, sport sandals, technical footwear, trial and casual shoes, and waders. In addition, it offers hunting and shooting products, such as ammunition, archery items, ATV accessories, blinds and tree stands, decoys, firearms, firearms safety and storage products, reloading equipment, and shooting gear products; and optics, electronics, and accessories, including gift items, GPS devices, knives, lighting, optics, and two-way radios. Further, the company's stores provide archery technician services, fishing-reel line winding, bore sighting and scope mounting, and cleaning services, as well as issues hunting and fishing licenses. Additionally, it offers various private label and special make-up offerings under the Rustic Ridge, Killik, Vital Impact, Yukon Gold, Lost Creek, and Sportsman's Warehouse brands. As of May 26, 2022, the company operated through 126 stores. Sportsman's Warehouse Holdings, Inc. was founded in 1986 and is headquartered in West Jordan, Utah.

SPWH Income Statement

2023-01-28

CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jan. 28, 2023	Jan. 29, 2022	Jan. 30, 2021
Income Statement [Abstract]
Net sales	$ 1,399,515	$ 1,506,072	$ 1,451,767
Cost of goods sold	939,275	1,015,775	975,313
Gross profit	460,240	490,297	476,454
Selling, general, and administrative expenses	402,177	399,678	353,706
Income from operations	58,063	90,619	122,748
Other (income) expense
Bargain purchase gain			(2,218)
Merger termination payment		(55,000)
Interest expense	4,195	1,380	3,506
Income before income taxes	53,868	144,239	121,460
Income tax expense	13,350	35,769	30,080
Net income	$ 40,518	$ 108,470	$ 91,380
Income per share:
Basic	$ 1.00	$ 2.47	$ 2.10
Diluted	$ 1.00	$ 2.44	$ 2.06
Weighted average shares outstanding:
Basic	40,489	43,827	43,525
Diluted	40,719	44,543	44,430

SPWH Balance Sheet

2023-01-28

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jan. 28, 2023	Jan. 29, 2022
Current assets:
Cash and cash equivalents	$ 2,389	$ 57,018
Accounts receivable, net	2,053	1,937
Merchandise inventories	399,128	386,560
Prepaid expenses and other	22,326	21,955
Total current assets	425,896	467,470
Operating lease right of use asset	268,593	243,047
Property and equipment, net	162,586	128,304
Goodwill	1,496	1,496
Definite lived intangibles, net	389	264
Total assets	858,960	840,581
Current liabilities:
Accounts payable	61,948	58,916
Accrued expenses	99,976	109,012
Income taxes payable	932	9,500
Operating lease liability, current	45,465	40,924
Revolving line of credit	87,503	66,054
Total current liabilities	295,824	284,406
Long-term liabilities:
Deferred income taxes	9,544	5,779
Operating lease liability, noncurrent	260,479	236,227
Total long-term liabilities	270,023	242,006
Total liabilities	565,847	526,412
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value; 20,000 shares authorized; 0 shares issued and outstanding
Common stock, $.01 par value; 100,000 shares authorized; 37,541 and 43,880 shares issued and outstanding, respectively	375	439
Additional paid-in capital	79,743	90,851
Retained earnings	212,995	222,879
Total stockholders' equity	293,113	314,169
Total liabilities and stockholders' equity	$ 858,960	$ 840,581