60,390 Shares in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 60,390 shares of the company’s stock, valued at approximately $146,000. Point72 Asia Singapore Pte. Ltd. owned approximately 0.16% of Sportsman’s Warehouse at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Sportsman’s Warehouse by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock valued at $5,991,000 after buying an additional 33,976 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Sportsman’s Warehouse by 2.5% during the first quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock valued at $3,912,000 after acquiring an additional 31,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Sportsman’s Warehouse by 19.5% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after purchasing an additional 121,731 shares during the period. GSA Capital Partners LLP bought a new position in shares of Sportsman’s Warehouse in the 4th quarter worth $2,488,000. Finally, Gamco Investors INC. ET AL grew its position in Sportsman’s Warehouse by 3.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock valued at $1,609,000 after purchasing an additional 15,200 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Buying and Selling

In related news, CEO Paul Stone bought 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the purchase, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Richard D. Mcbee acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, with a total value of $51,000.00. Following the acquisition, the director now owns 205,608 shares in the company, valued at approximately $524,300.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Paul Stone acquired 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Sportsman’s Warehouse Stock Performance

SPWH stock opened at $2.68 on Friday. The business has a 50 day moving average of $2.40 and a 200-day moving average of $2.78. The firm has a market cap of $101.44 million, a PE ratio of -3.19 and a beta of 0.67. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $1.81 and a 12-month high of $5.55. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The business had revenue of $288.73 million for the quarter, compared to analysts’ expectations of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPWH shares. Roth Mkm dropped their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. B. Riley decreased their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Robert W. Baird dropped their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Craig Hallum cut their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Lake Street Capital dropped their price objective on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $2.80.

About Sportsman’s Warehouse

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.