Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Position Boosted by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 5.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,458 shares of the company’s stock after purchasing an additional 6,030 shares during the quarter. Empowered Funds LLC owned 0.32% of Sportsman’s Warehouse worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. State Board of Administration of Florida Retirement System purchased a new stake in Sportsman’s Warehouse in the 1st quarter worth approximately $38,000. Vanguard Group Inc. raised its holdings in shares of Sportsman’s Warehouse by 1.8% during the first quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock worth $5,991,000 after acquiring an additional 33,976 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Sportsman’s Warehouse during the first quarter valued at $187,000. Virtu Financial LLC acquired a new stake in Sportsman’s Warehouse during the first quarter valued at $85,000. Finally, Skylands Capital LLC grew its stake in Sportsman’s Warehouse by 44.6% in the second quarter. Skylands Capital LLC now owns 194,000 shares of the company’s stock valued at $468,000 after purchasing an additional 59,800 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sportsman’s Warehouse Stock Performance

NASDAQ:SPWH opened at $2.01 on Tuesday. The firm has a market capitalization of $76.08 million, a PE ratio of -2.22 and a beta of 0.66. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $1.81 and a 1 year high of $5.41. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $2.66 and its 200 day simple moving average is $2.61.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly 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 during the quarter, compared to analyst estimates of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. On average, sell-side analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling at Sportsman’s Warehouse

In other news, Director Richard D. Mcbee purchased 20,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the purchase, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. The trade was a 10.78 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul Stone acquired 39,920 shares of Sportsman’s Warehouse stock in a transaction on Monday, September 9th. The stock was purchased at an average price of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at approximately $2,296,558.78. This trade represents a 4.62 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

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.