Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Shares Sold by Cannell Capital LLC

Cannell Capital LLC reduced its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 22.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,952,940 shares of the company’s stock after selling 564,899 shares during the quarter. Sportsman’s Warehouse makes up 1.1% of Cannell Capital LLC’s investment portfolio, making the stock its 27th biggest holding. Cannell Capital LLC owned about 5.14% of Sportsman’s Warehouse worth $5,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. U S Wealth Group LLC. purchased a new stake in Sportsman’s Warehouse during the fourth quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $155,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Sportsman’s Warehouse by 84.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 313,726 shares of the company’s stock valued at $838,000 after buying an additional 143,924 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Sportsman’s Warehouse by 5,348.5% in the 4th quarter. JPMorgan Chase & Co. now owns 78,186 shares of the company’s stock valued at $209,000 after buying an additional 76,751 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of Sportsman’s Warehouse by 88.7% in the 4th quarter. American Century Companies Inc. now owns 270,130 shares of the company’s stock valued at $721,000 after buying an additional 126,995 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SPWH shares. Craig Hallum upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research note on Wednesday, April 2nd. Roth Mkm decreased their target price on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, B. Riley restated a “buy” rating and set a $3.00 price target (down previously from $4.00) on shares of Sportsman’s Warehouse in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sportsman’s Warehouse has a consensus rating of “Moderate Buy” and an average price target of $2.80.

Sportsman’s Warehouse Price Performance

Shares of SPWH opened at $1.64 on Tuesday. The company has a market capitalization of $62.52 million, a price-to-earnings ratio of -1.86 and a beta of 0.75. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $4.44. The firm has a 50-day simple moving average of $1.48 and a 200-day simple moving average of $2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. On average, equities research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Sportsman’s Warehouse 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.