SeaCrest Wealth Management LLC Takes Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

SeaCrest Wealth Management LLC bought a new stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWHGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the company’s stock, valued at approximately $48,000.

A number of other hedge funds have also recently modified their holdings of SPWH. Cannell Capital LLC raised its position in shares of Sportsman’s Warehouse by 61.8% in the 1st quarter. Cannell Capital LLC now owns 2,589,973 shares of the company’s stock worth $27,687,000 after purchasing an additional 989,565 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Sportsman’s Warehouse by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 2,087,587 shares of the company’s stock worth $22,316,000 after purchasing an additional 42,278 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sportsman’s Warehouse by 28.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,309 shares of the company’s stock worth $16,361,000 after purchasing an additional 338,566 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Sportsman’s Warehouse by 63.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 969,560 shares of the company’s stock worth $10,365,000 after purchasing an additional 378,141 shares during the last quarter. Finally, Stephens Investment Management Group LLC raised its position in shares of Sportsman’s Warehouse by 30.4% in the 2nd quarter. Stephens Investment Management Group LLC now owns 788,573 shares of the company’s stock worth $7,562,000 after purchasing an additional 183,685 shares during the last quarter. Institutional investors own 92.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on SPWH shares. B. Riley lifted their price target on Sportsman’s Warehouse from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Monday, September 26th. Robert W. Baird decreased their target price on Sportsman’s Warehouse from $11.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, September 2nd. Lake Street Capital decreased their target price on Sportsman’s Warehouse from $19.00 to $17.00 in a research report on Friday, September 2nd. Finally, StockNews.com initiated coverage on Sportsman’s Warehouse in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Moderate Buy” and an average target price of $13.40.

Sportsman’s Warehouse Stock Down 1.0 %

NASDAQ SPWH opened at $9.80 on Monday. Sportsman’s Warehouse Holdings, Inc. has a 52 week low of $7.75 and a 52 week high of $17.64. The firm has a market capitalization of $380.91 million, a P/E ratio of 4.45 and a beta of 0.86. The company has a 50-day moving average price of $8.81 and a 200-day moving average price of $9.33.

Sportsman’s Warehouse (NASDAQ:SPWHGet Rating) last released its quarterly earnings results on Thursday, September 1st. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.26 by $0.10. Sportsman’s Warehouse had a net margin of 6.56% and a return on equity of 21.28%. The firm had revenue of $351.02 million during the quarter, compared to analyst estimates of $338.27 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post 1.14 EPS for the current year.

Sportsman’s Warehouse Company Profile

(Get Rating)

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.

See Also

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Institutional Ownership by Quarter for Sportsman's Warehouse (NASDAQ:SPWH)

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