Charles Schwab Investment Management Inc. Decreases Stock Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 58.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 177,913 shares of the company’s stock after selling 251,848 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sportsman’s Warehouse were worth $482,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPWH. Ground Swell Capital LLC bought a new position in shares of Sportsman’s Warehouse during the third quarter valued at $28,000. Point72 DIFC Ltd bought a new stake in Sportsman’s Warehouse in the 2nd quarter worth about $40,000. Abacus Planning Group Inc. purchased a new position in Sportsman’s Warehouse in the 3rd quarter worth about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Sportsman’s Warehouse during the 2nd quarter valued at about $146,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Sportsman’s Warehouse during the 3rd quarter valued at about $168,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Trading Down 2.4 %

Shares of SPWH stock opened at $2.41 on Friday. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $1.81 and a 1 year high of $4.62. The firm has a fifty day moving average price of $2.45 and a 200-day moving average price of $2.49. The company has a market cap of $91.48 million, a price-to-earnings ratio of -2.74 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.07.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SPWH shares. Lake Street Capital lowered 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 research report on Wednesday, September 4th. Roth Mkm lowered their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. Craig Hallum dropped their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Finally, B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their target price for the stock from $2.00 to $4.00 in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.20.

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.