Charles Schwab Investment Management Inc. Reduces Stock Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Charles Schwab Investment Management Inc. decreased its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 58.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 177,913 shares of the company’s stock after selling 251,848 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.47% of Sportsman’s Warehouse worth $482,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ground Swell Capital LLC purchased a new position in Sportsman’s Warehouse during the 3rd quarter valued at about $28,000. Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $40,000. Abacus Planning Group Inc. purchased a new position in shares of Sportsman’s Warehouse during the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Sportsman’s Warehouse during the second quarter valued at approximately $146,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sportsman’s Warehouse during the third quarter valued at approximately $168,000. 83.04% of the stock is owned by institutional investors.

Sportsman’s Warehouse Trading Down 2.4 %

NASDAQ:SPWH opened at $2.41 on Friday. The firm has a market capitalization of $91.48 million, a P/E ratio of -2.74 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.07. Sportsman’s Warehouse Holdings, Inc. has a one year low of $1.81 and a one year high of $4.62. The company’s 50-day simple moving average is $2.45 and its 200 day simple moving average is $2.49.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Craig Hallum reduced their price objective on shares of 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. Roth Mkm reduced their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research report on Tuesday, September 10th. Lake Street Capital decreased their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their target price for the stock from $2.00 to $4.00 in a research report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

Sportsman’s Warehouse Profile

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.