719,539 Shares in Sportsman's Warehouse Holdings, Inc. $SPWH Acquired by Jacobs Levy Equity Management Inc.

Key Points

• Jacobs Levy Equity Management Inc. has acquired 719,539 shares of Sportsman's Warehouse Holdings, valued at approximately $715,000, representing about 1.88% ownership of the company.
• Multiple large investors, including Solas Capital Management and GSA Capital Partners, have increased their stakes in Sportsman's Warehouse, highlighting growing institutional interest with over 83% of the stock owned by institutional investors.
• Several analysts have upgraded their ratings on Sportsman's Warehouse, with a consensus target price now at $3.45 and a general "Buy" rating, as the company continues to navigate challenging financials.

Jacobs Levy Equity Management Inc. bought a new position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 719,539 shares of the company's stock, valued at approximately $715,000. Jacobs Levy Equity Management Inc. owned approximately 1.88% of Sportsman's Warehouse as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Solas Capital Management LLC boosted its stake in Sportsman's Warehouse by 67.3% in the 1st quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company's stock worth $1,841,000 after purchasing an additional 744,954 shares during the period. Union Square Park Capital Management LLC grew its position in Sportsman's Warehouse by 15.0% during the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock worth $4,489,000 after purchasing an additional 219,210 shares in the last quarter. Gabelli Funds LLC grew its position in Sportsman's Warehouse by 0.9% during the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company's stock worth $1,020,000 after purchasing an additional 9,000 shares in the last quarter. GSA Capital Partners LLP grew its position in Sportsman's Warehouse by 153.2% during the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock worth $947,000 after purchasing an additional 576,098 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Sportsman's Warehouse by 4.1% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 768,638 shares of the company's stock worth $764,000 after purchasing an additional 30,000 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SPWH shares. B. Riley reiterated a "buy" rating and set a $4.00 price objective (up from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Roth Capital boosted their price target on shares of Sportsman's Warehouse from $3.00 to $4.25 and gave the company a "buy" rating in a report on Wednesday, July 16th. Finally, Lake Street Capital boosted their price target on shares of Sportsman's Warehouse from $3.00 to $3.50 and gave the company a "buy" rating in a report on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $3.45.

Sportsman's Warehouse Stock Down 1.0%

SPWH stock opened at $3.04 on Friday. The firm has a market cap of $116.83 million, a PE ratio of -3.10 and a beta of 0.65. The company has a current ratio of 1.19, a quick ratio of 0.06 and a debt-to-equity ratio of 0.21. Sportsman's Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.33. The company has a fifty day simple moving average of $3.21 and a 200 day simple moving average of $2.42.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.12). The firm had revenue of $293.90 million during the quarter, compared to analyst estimates of $291.56 million. Sportsman's Warehouse had a negative net margin of 3.10% and a negative return on equity of 7.65%. Sportsman's Warehouse has set its FY 2025 guidance at EPS. Sell-side analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

About Sportsman's Warehouse

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.

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