Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Stake Reduced by Cannell Capital LLC

Cannell Capital LLC cut its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 3.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 3,209,438 shares of the company’s stock after selling 113,186 shares during the period. Sportsman’s Warehouse makes up about 5.3% of Cannell Capital LLC’s investment portfolio, making the stock its 3rd largest holding. Cannell Capital LLC owned about 0.08% of Sportsman’s Warehouse worth $27,216,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at $4,974,000. Goldman Sachs Group Inc. grew its stake in shares of Sportsman’s Warehouse by 63.9% in the first quarter. Goldman Sachs Group Inc. now owns 969,560 shares of the company’s stock worth $10,365,000 after acquiring an additional 378,141 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Sportsman’s Warehouse by 28.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,530,309 shares of the company’s stock valued at $16,361,000 after purchasing an additional 338,566 shares during the last quarter. Union Square Park Capital Management LLC lifted its position in Sportsman’s Warehouse by 196.6% during the first quarter. Union Square Park Capital Management LLC now owns 430,000 shares of the company’s stock valued at $3,646,000 after purchasing an additional 285,000 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Sportsman’s Warehouse in the first quarter worth approximately $2,701,000. Institutional investors own 88.96% of the company’s stock.

Sportsman’s Warehouse Trading Down 0.6 %

NASDAQ SPWH traded down $0.02 on Monday, hitting $3.33. 270,922 shares of the company traded hands, compared to its average volume of 576,808. The business’s 50 day moving average price is $5.61 and its 200-day moving average price is $6.35. The company has a market capitalization of $125.51 million, a price-to-earnings ratio of 30.45 and a beta of 0.97. Sportsman’s Warehouse Holdings, Inc. has a 52-week low of $2.98 and a 52-week high of $10.62.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings data on Wednesday, September 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The company had revenue of $309.50 million for the quarter, compared to analysts’ expectations of $326.01 million. Sportsman’s Warehouse had a net margin of 0.38% and a return on equity of 3.29%. The firm’s quarterly revenue was down 11.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 earnings per share. As a group, sell-side analysts predict that Sportsman’s Warehouse Holdings, Inc. will post 0.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of research reports. StockNews.com began coverage on shares of Sportsman’s Warehouse in a research note on Thursday, August 17th. They set a “sell” rating for the company. TheStreet downgraded Sportsman’s Warehouse from a “c” rating to a “d+” rating in a report on Tuesday, May 30th. B. Riley cut their price target on Sportsman’s Warehouse from $12.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Robert W. Baird lowered their price objective on shares of Sportsman’s Warehouse from $6.50 to $5.00 in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $8.25.

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.