Skylands Capital LLC Increases Stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Skylands Capital LLC grew its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 39.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,450 shares of the company’s stock after acquiring an additional 76,100 shares during the period. Skylands Capital LLC owned about 0.70% of Sportsman’s Warehouse worth $714,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SPWH. OneDigital Investment Advisors LLC increased its position in Sportsman’s Warehouse by 3.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock worth $357,000 after purchasing an additional 4,909 shares during the period. Empowered Funds LLC grew its holdings in Sportsman’s Warehouse by 5.3% during the third quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock worth $326,000 after acquiring an additional 6,030 shares during the period. SkyView Investment Advisors LLC raised its position in Sportsman’s Warehouse by 5.3% in the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock worth $500,000 after acquiring an additional 9,332 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $1,176,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Ground Swell Capital LLC acquired a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth $28,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sportsman’s Warehouse Stock Down 4.0 %

SPWH stock opened at $1.69 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $1.68 and a 12 month high of $4.44. The firm has a market capitalization of $64.15 million, a PE ratio of -1.92 and a beta of 0.48. The company’s 50 day simple moving average is $2.18 and its 200-day simple moving average is $2.36.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, December 10th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.09. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. Equities analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.