American Century Companies Inc. Grows Stock Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

American Century Companies Inc. grew its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 32.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,426 shares of the company’s stock after purchasing an additional 19,237 shares during the period. American Century Companies Inc. owned approximately 0.21% of Sportsman’s Warehouse worth $191,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SPWH. GSA Capital Partners LLP acquired a new stake in Sportsman’s Warehouse during the fourth quarter worth about $2,488,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Sportsman’s Warehouse by 19.5% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after purchasing an additional 121,731 shares during the period. CastleKnight Management LP acquired a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $384,000. Fund 1 Investments LLC acquired a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $375,000. Finally, Kennedy Capital Management LLC acquired a new stake in Sportsman’s Warehouse in the first quarter valued at approximately $187,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Richard D. Mcbee acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was acquired 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 of the company’s stock, valued at $524,300.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Richard D. Mcbee bought 20,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, with a total value of $51,000.00. Following the purchase, the director now directly owns 205,608 shares of the company’s stock, valued at $524,300.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Paul Stone acquired 39,920 shares of the stock in a transaction dated Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, with a total value of $101,396.80. Following the completion of the transaction, the chief executive officer now owns 904,157 shares in the company, valued at approximately $2,296,558.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $2.97 on Friday. 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 company has a market capitalization of $112.41 million, a P/E ratio of -3.54 and a beta of 0.67. The stock’s fifty day moving average is $2.41 and its two-hundred day moving average is $2.78.

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

Wall Street Analyst Weigh In

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