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Tag: SPWH Stock

  • Sportsman’s Warehouse Holdings, Inc. (SPWH) Stock Tumbling in Aftermarket, Here’s the Reason

    Sportsman’s Warehouse Holdings, Inc. (SPWH) Stock Tumbling in Aftermarket, Here’s the Reason

    Sportsman’s Warehouse Holdings, Inc. (SPWH), an outdoor sporting goods retailer, has slid 8.50% in aftermarket trading session. Consequently, SPWH stock is trading at $15.50 at the time of the writing. The decline could be attributed to the company’s backing out of the merger with Great Outdoors. On Thursday, SPWH closed the day at $16.94 after a slight increase of 0.65% during the mid-day session.

    Why SPWH Declining?

    In the late hours of Thursday, SPWH announced that it has called off its merger deal with Great Outdoors Group, the owner of the Bass Pro Shops chain. The announcement has come after US Federal Trade Commission (FTC) gave feedback to the companies, which made them believe that they won’t be able to receive the clearance to close their deal. In the recent past, FTC has taken an aggressive stance over mergers. The merger deal was announced by Sportsman’s Warehouse and Great Outdoors group in December last year.

    When Q3 2021 Earnings Results Would be Released?

    On 24th November, SPWH announced that it would release the earnings results on the 8th of December 2021. The earnings release would provide the financial results for Q3 2021 and for the year-to-date period (nine-month period) which ended on 30th October 2021. It was expected that the company would deliver a year-over-year decline in earnings. Alongside, the company is expected to generate higher revenues when it would report the results for the third quarter of fiscal 2021. As a result of those developments, SPWH stock could see a tremendous rise or fall.

    Q2 2021 Operational Results

    On first September, SPWH released the operational results for the second quarter of the fiscal year 2021. The quarter ended on 31st July. The company generated net sales of $361.7 million against $380.9 million for the same quarter of 2020. The Selling, general and administrative expenses for the three-month period were $95.87 million against $83.6 million for the same period of 2020. The net income generated by the company during the period was $17.7 million (or $0.40 per basic and diluted share) against $32.4 million (or $0.75 and $0.73 per basic and diluted share) for the same period of 2020.

    Future Outlook for SPWH

    Recent statistics reveal that SPWH stock has neither faced a precipitous slide nor a tremendous rise. The stock has mostly followed a stabilizing pathway. For analysts, that’s a positive sign with regards to the future performance of SPWH stock. Hence, potential investors should keep a close eye on the developments related to SPWH stock.

  • Leisure Stocks’ Future After Vaccine News

    Leisure Stocks’ Future After Vaccine News

    The impact of the Covid-19 recession is unequal. Millions of people in the leisure and travel industries remain unemployed. In the first three quarters of 2014, deal volume in the broader leisure sector, which includes restaurants, hotels and hospitality, gyms, and gaming, fell 49% while value dropped 46% to just 292 deals worth US$39.8 billion. After several large deals were announced in October and November as the exchange responds positively to the news on vaccine developments and gains confidence in recovering, a rebound is due in the fourth quarter.

    Peloton Interactive Inc. (NASDAQ:PTON) shares were trading up 4.87% at $134.00 at the time of writing on Wednesday. The firm announced on December 9, 2020, that it is adding 103,750 square feet of space to its Peloton Plano Campus.

    Peloton Interactive Inc. (NASDAQ:PTON) share price went from a low point around $17.70 to briefly over $139.75 in past 52 weeks, though shares have since pulled back to $134.00. PTON market cap has remained high, hitting $39.50B at the time of writing, giving it price-to-sales ratio of more than 10.

    If we look at the recent analyst rating PTON, Telsey Advisory Group reiterated coverage on PTON shares with an Outperform rating and a $135.67 price target, which implies room for 1.67% upside momentum this year.

    Drive Shack Inc. (DS) last closed at $2.83, in a 52-week range of $0.86 to $4.19. The firm recently reported that it will reopen its 65,000-square-foot entertainment golf venue located in Orlando on December 18, 2020. Analysts have a consensus price target of $4.00.

    Mattel Inc. (MAT) stock soar by 3.84% to $17.84. On December 9, 2020, Mattel revealed the appointment of Jonathan Anschell as Executive Vice President, Chief Legal Officer, and Secretary, effective Jan. 1, 2021. The most recent rating by Citigroup, on December 09, 2020, is at a Neutral.

    American Outdoor Brands Inc. (NASDAQ:AOUT) Shares headed rising, higher as much as 11.05% after releasing its financial results for the second quarter fiscal 2021, ended October 31, 2020. The most recent rating by CLSA, on November 18, 2020, is at a Buy.

    Nautilus Inc. (NYSE:NLS) rose 0.73% after gaining more than $0.13 on Wednesday following the announcement from the company that it has received a CES® 2021 Innovation Award for the Bowflex® VeloCore™ bike.

    Hasbro Inc. (HAS) last closed at $94.76, in a 52-week range of $41.33 to $109.50. Analysts have a consensus price target of $99.69.

    Callaway Golf Company (ELY) stock soar by 2.45% to $24.24. The most recent rating by Compass Point, on October 30, 2020, is at a Buy.

    Carnival Corporation & Plc (NYSE:CUK) Shares headed rising, higher as much as 0.16%. On December 1, 2020, the company declared Peter C. Anderson as a Section 16 Named Executive Officer. The most recent rating by Berenberg, on July 29, 2020, is at a Hold.

    Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) rose 0.41% after gaining more than $0.05 on Wednesday. The company on December 3, 2020 reported financial results for the thirteen and thirty-nine weeks ended October 31, 2020.

    Six Flags Entertainment Corporation (SIX) last closed at $32.87, in a 52-week range of $8.75 to $46.67. On December 8, 2020, the firm revealed that its Board of Directors has elected Selim Bassoul to succeed Richard Roedel as non-executive Chairman of the Board of Directors. Analysts have a consensus price target of $28.27.

    Funko Inc. (FNKO) stock soar by 6.82% to $11.75. The most recent rating by Piper Sandler, on December 04, 2020, is at an Overweight.