SkyView Investment Advisors LLC Increases Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

SkyView Investment Advisors LLC increased its position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 11.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 175,231 shares of the company’s stock after acquiring an additional 18,192 shares during the quarter. SkyView Investment Advisors LLC owned approximately 0.46% of Sportsman’s Warehouse worth $422,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SPWH. GSA Capital Partners LLP purchased a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at $2,488,000. Virtu Financial LLC acquired a new position in shares of Sportsman’s Warehouse during the 1st quarter valued at about $85,000. Empowered Funds LLC lifted its holdings in shares of Sportsman’s Warehouse by 8.2% during the 1st quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock worth $331,000 after acquiring an additional 8,034 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Sportsman’s Warehouse during the 4th quarter worth about $88,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of Sportsman’s Warehouse in the first quarter worth approximately $38,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sportsman’s Warehouse Trading Down 4.0 %

SPWH opened at $2.85 on Monday. The firm’s 50 day moving average is $2.40 and its 200-day moving average is $2.79. Sportsman’s Warehouse Holdings, Inc. has a 52-week low of $1.81 and a 52-week high of $5.55. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $107.87 million, a P/E ratio of -3.39 and a beta of 0.67.

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

Insider Activity at Sportsman’s Warehouse

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