Squarepoint Ops LLC Buys Shares of 82,387 Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Squarepoint Ops LLC bought a new stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 82,387 shares of the company’s stock, valued at approximately $199,000. Squarepoint Ops LLC owned approximately 0.22% of Sportsman’s Warehouse at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of SPWH. Teton Advisors Inc. boosted its position in shares of Sportsman’s Warehouse by 11.7% in the 1st quarter. Teton Advisors Inc. now owns 67,000 shares of the company’s stock worth $208,000 after purchasing an additional 7,000 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Sportsman’s Warehouse by 8.2% in the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock worth $331,000 after purchasing an additional 8,034 shares in the last quarter. Steel Grove Capital Advisors LLC boosted its position in shares of Sportsman’s Warehouse by 11.1% in the 2nd quarter. Steel Grove Capital Advisors LLC now owns 100,000 shares of the company’s stock worth $241,000 after purchasing an additional 10,000 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in shares of Sportsman’s Warehouse in the 1st quarter worth $38,000. Finally, Gamco Investors INC. ET AL boosted its position in shares of Sportsman’s Warehouse by 3.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock worth $1,609,000 after purchasing an additional 15,200 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on SPWH shares. Roth Mkm lowered their price objective on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Craig Hallum reduced their target price on 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. Robert W. Baird reduced their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. B. Riley reduced their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, Lake Street Capital reduced their target price on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $2.80.

Insider Buying and Selling at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Sportsman’s Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Paul Stone acquired 39,920 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was 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 $2,296,558.78. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $2.95 on Monday. The stock has a 50-day simple moving average of $2.45 and a two-hundred day simple moving average of $2.77. The firm has a market capitalization of $111.66 million, a P/E ratio of -3.24 and a beta of 0.67. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22.

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

Sportsman’s Warehouse Company Profile

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.