Empowered Funds LLC Has $326,000 Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Empowered Funds LLC increased its holdings in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,458 shares of the company’s stock after purchasing an additional 6,030 shares during the period. Empowered Funds LLC’s holdings in Sportsman’s Warehouse were worth $326,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 valued at $5,991,000 after acquiring an additional 33,976 shares during the period. GSA Capital Partners LLP increased its position in shares of Sportsman’s Warehouse by 665.0% during the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after purchasing an additional 473,212 shares in the last quarter. Skylands Capital LLC lifted its holdings in Sportsman’s Warehouse by 44.6% during the 2nd 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 during the last quarter. SkyView Investment Advisors LLC grew its stake in Sportsman’s Warehouse by 11.6% during the second quarter. SkyView Investment Advisors LLC now owns 175,231 shares of the company’s stock worth $422,000 after buying an additional 18,192 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in Sportsman’s Warehouse during the second quarter worth about $384,000. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Up 0.5 %

SPWH stock opened at $2.01 on Tuesday. The business has a fifty day moving average of $2.66 and a 200-day moving average of $2.61. The company has a market cap of $76.08 million, a P/E ratio of -2.22 and a beta of 0.66. Sportsman’s Warehouse Holdings, Inc. has a twelve month low of $1.81 and a twelve month high of $5.41. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The firm had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. As a group, equities research analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Paul Stone bought 39,920 shares of Sportsman’s Warehouse stock in a transaction on Monday, September 9th. The shares were purchased at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This represents a 4.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard D. Mcbee purchased 20,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was bought at an average cost of $2.55 per share, with a total value of $51,000.00. Following the completion of the purchase, the director now owns 205,608 shares in the company, valued at $524,300.40. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

About Sportsman’s Warehouse

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.