Geode Capital Management LLC Increases Stock Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Geode Capital Management LLC increased its position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 434,022 shares of the company’s stock after purchasing an additional 10,058 shares during the quarter. Geode Capital Management LLC owned approximately 1.15% of Sportsman’s Warehouse worth $1,176,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC boosted its stake in shares of Sportsman’s Warehouse by 3.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock worth $357,000 after buying an additional 4,909 shares during the last quarter. Empowered Funds LLC boosted its position in Sportsman’s Warehouse by 5.3% in the third quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock worth $326,000 after purchasing an additional 6,030 shares during the last quarter. Steel Grove Capital Advisors LLC grew its stake in Sportsman’s Warehouse by 11.1% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock valued at $241,000 after purchasing an additional 10,000 shares during the period. Ground Swell Capital LLC bought a new position in Sportsman’s Warehouse in the 3rd quarter valued at $28,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth $40,000. 83.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on SPWH shares. B. Riley upgraded shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their price target for the company from $2.00 to $4.00 in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ:SPWH opened at $2.23 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $2.38 and a 200-day moving average price of $2.44. The company has a market cap of $84.64 million, a price-to-earnings ratio of -2.53 and a beta of 0.52. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $1.81 and a 12 month high of $4.44.

Sportsman’s Warehouse Company 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.