BlackRock Inc. Has $14.79 Million Position in Sportsman’s Warehouse Holdings Inc (SPWH)

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BlackRock Inc. raised its stake in Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,888,343 shares of the company’s stock after buying an additional 343,379 shares during the period. BlackRock Inc. owned about 0.07% of Sportsman’s Warehouse worth $14,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. A.R.T. Advisors LLC purchased a new stake in Sportsman’s Warehouse in the 1st quarter valued at about $164,000. Barclays PLC boosted its position in Sportsman’s Warehouse by 673.1% in the 1st quarter. Barclays PLC now owns 44,382 shares of the company’s stock valued at $181,000 after buying an additional 38,641 shares during the period. Wedge Capital Management L L P NC purchased a new stake in Sportsman’s Warehouse in the 2nd quarter valued at about $366,000. Perkins Capital Management Inc. purchased a new stake in Sportsman’s Warehouse in the 2nd quarter valued at about $474,000. Finally, Bank of New York Mellon Corp boosted its position in Sportsman’s Warehouse by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 184,527 shares of the company’s stock valued at $945,000 after buying an additional 12,771 shares during the period. 86.91% of the stock is owned by institutional investors.

In other news, Director Seidler Kutsenda Management Co sold 600,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $5.82, for a total value of $3,492,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 707,000 shares of company stock valued at $4,096,500 in the last ninety days. Corporate insiders own 2.20% of the company’s stock.

SPWH has been the subject of several research reports. DA Davidson boosted their price objective on shares of Sportsman’s Warehouse from $7.00 to $8.00 and gave the company a “buy” rating in a research report on Tuesday, September 25th. Credit Suisse Group boosted their price objective on shares of Sportsman’s Warehouse from $6.00 to $7.50 and gave the company an “outperform” rating in a research report on Friday, August 24th. ValuEngine cut shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. BidaskClub cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research raised shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, July 24th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $5.89.

Sportsman’s Warehouse stock opened at $5.44 on Wednesday. The stock has a market capitalization of $225.85 million, a price-to-earnings ratio of 10.88, a P/E/G ratio of 0.87 and a beta of -0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.09 and a quick ratio of 0.06. Sportsman’s Warehouse Holdings Inc has a 1 year low of $3.66 and a 1 year high of $6.99.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, August 23rd. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.02. Sportsman’s Warehouse had a net margin of 1.94% and a return on equity of 45.86%. The firm had revenue of $203.30 million during the quarter, compared to analysts’ expectations of $203.27 million. During the same quarter in the prior year, the company earned $0.15 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, research analysts expect that Sportsman’s Warehouse Holdings Inc will post 0.6 earnings per share for the current fiscal year.

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 clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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

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