Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Shares Acquired by Fmr LLC

Fmr LLC boosted its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 3.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,441,705 shares of the company’s stock after acquiring an additional 174,858 shares during the quarter. Fmr LLC owned 0.14% of Sportsman’s Warehouse worth $14,747,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Ground Swell Capital LLC acquired a new stake in Sportsman’s Warehouse in the third quarter valued at approximately $28,000. Point72 DIFC Ltd acquired a new stake in Sportsman’s Warehouse in the second quarter valued at approximately $40,000. Abacus Planning Group Inc. acquired a new stake in Sportsman’s Warehouse in the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Sportsman’s Warehouse in the second quarter valued at approximately $146,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sportsman’s Warehouse in the third quarter valued at approximately $168,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

Shares of SPWH opened at $2.45 on Wednesday. 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 has a market cap of $92.73 million, a PE ratio of -2.69 and a beta of 0.59. The company’s 50 day simple moving average is $2.48 and its 200-day simple moving average is $2.52. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $1.81 and a 12-month high of $4.62.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SPWH shares. Roth Mkm reduced their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. B. Riley cut their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Lake Street Capital cut their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, September 4th. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Finally, Robert W. Baird cut their price objective 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. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sportsman’s Warehouse currently has an average rating of “Moderate Buy” and a consensus price target of $2.80.

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.