Regency Capital Management Inc. DE Sells 15,854 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Regency Capital Management Inc. DE reduced its holdings in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWHGet Rating) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,217 shares of the company’s stock after selling 15,854 shares during the quarter. Sportsman’s Warehouse accounts for about 1.6% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 20th largest holding. Regency Capital Management Inc. DE owned about 0.41% of Sportsman’s Warehouse worth $1,322,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SPWH. Great West Life Assurance Co. Can bought a new position in shares of Sportsman’s Warehouse during the third quarter worth about $25,000. US Bancorp DE raised its holdings in shares of Sportsman’s Warehouse by 4,570.1% in the third quarter. US Bancorp DE now owns 4,063 shares of the company’s stock valued at $34,000 after purchasing an additional 3,976 shares during the last quarter. UBS Group AG lifted its position in shares of Sportsman’s Warehouse by 145.2% in the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock worth $42,000 after purchasing an additional 2,614 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in shares of Sportsman’s Warehouse in the second quarter worth $48,000. Finally, Ancora Advisors LLC bought a new stake in shares of Sportsman’s Warehouse in the first quarter worth $52,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Robert W. Baird boosted their price objective on shares of Sportsman’s Warehouse to $10.00 in a research report on Monday, December 12th. B. Riley boosted their price objective on shares of Sportsman’s Warehouse from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. StockNews.com assumed coverage on shares of Sportsman’s Warehouse in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Craig Hallum cut their price objective on shares of Sportsman’s Warehouse to $13.00 in a research report on Monday, December 12th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.20.

Insider Activity

In other news, CEO Jon Barker sold 14,167 shares of the stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $9.40, for a total value of $133,169.80. Following the transaction, the chief executive officer now directly owns 643,315 shares of the company’s stock, valued at $6,047,161. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.80% of the company’s stock.

Sportsman’s Warehouse Price Performance

NASDAQ SPWH traded down $0.14 on Tuesday, hitting $9.18. 103,986 shares of the stock were exchanged, compared to its average volume of 343,932. The business’s fifty day moving average is $9.63 and its 200 day moving average is $9.36. Sportsman’s Warehouse Holdings, Inc. has a 52 week low of $7.75 and a 52 week high of $12.28. The company has a market capitalization of $346.06 million, a PE ratio of 4.57 and a beta of 0.85.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last posted its quarterly earnings results on Wednesday, December 7th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. Sportsman’s Warehouse had a net margin of 6.12% and a return on equity of 17.56%. The firm had revenue of $359.72 million for the quarter, compared to analyst estimates of $356.19 million. Analysts predict that Sportsman’s Warehouse Holdings, Inc. will post 0.99 EPS for the current fiscal year.

Sportsman’s Warehouse Profile

(Get Rating)

Sportsman’s Warehouse Holdings, Inc is an outdoor specialty retailer. The firm engages in the retail of sporting and athletic goods through its wholly owned subsidiaries, Sportsman’s Warehouse, Inc and Minnesota Merchandising Corp. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear.

Further Reading

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Institutional Ownership by Quarter for Sportsman's Warehouse (NASDAQ:SPWH)

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