60,059 Shares in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Acquired by Kennedy Capital Management LLC

Kennedy Capital Management LLC purchased a new stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 60,059 shares of the company’s stock, valued at approximately $187,000.

A number of other institutional investors also recently modified their holdings of the company. CastleKnight Management LP bought a new position in Sportsman’s Warehouse in the 4th quarter valued at $384,000. Fund 1 Investments LLC bought a new stake in Sportsman’s Warehouse during the 4th quarter worth about $375,000. GSA Capital Partners LLP bought a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $2,488,000. Quadrature Capital Ltd acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at about $88,000. Finally, Empowered Funds LLC grew its holdings in Sportsman’s Warehouse by 8.2% during the first quarter. Empowered Funds LLC now owns 106,328 shares of the company’s stock valued at $331,000 after purchasing an additional 8,034 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPWH shares. Lake Street Capital dropped their price target on Sportsman’s Warehouse from $6.00 to $5.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. B. Riley reduced their price objective on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Roth Mkm assumed coverage on Sportsman’s Warehouse in a research report on Monday, June 3rd. They issued a “buy” rating and a $5.00 target price on the stock. Robert W. Baird reduced their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Finally, Roth Capital raised shares of Sportsman’s Warehouse to a “strong-buy” rating in a research report on Monday, June 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.40.

Sportsman’s Warehouse Trading Down 2.2 %

NASDAQ:SPWH opened at $2.50 on Friday. The firm has a fifty day simple moving average of $2.69 and a 200 day simple moving average of $3.21. Sportsman’s Warehouse Holdings, Inc. has a 1-year low of $2.00 and a 1-year high of $6.34. The stock has a market capitalization of $94.18 million, a PE ratio of -2.97 and a beta of 0.69.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, June 4th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.14). Sportsman’s Warehouse had a negative return on equity of 10.25% and a negative net margin of 2.48%. The firm had revenue of $244.24 million for the quarter, compared to analyst estimates of $248.36 million. During the same quarter in the prior year, the firm earned ($0.39) earnings per share. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. On average, equities analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.24 earnings per share for the current fiscal year.

Insider Transactions at Sportsman’s Warehouse

In related news, Director Steven W. Sansom acquired 10,000 shares of Sportsman’s Warehouse stock in a transaction on Wednesday, June 12th. The stock was purchased at an average cost of $2.91 per share, with a total value of $29,100.00. Following the completion of the transaction, the director now directly owns 90,000 shares in the company, valued at approximately $261,900. The purchase was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

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.