Jacobs Levy Equity Management Inc. Makes New Investment in Sportsman's Warehouse Holdings, Inc. $SPWH

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. purchased a new stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Solas Capital Management LLC boosted its position in shares of Sportsman's Warehouse by 67.3% during the first 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 in the last quarter. Union Square Park Capital Management LLC increased its stake in shares of 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 during the last quarter. Gabelli Funds LLC grew its stake in Sportsman's Warehouse by 0.9% in the 1st quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company's stock valued at $1,020,000 after buying an additional 9,000 shares during the last quarter. GSA Capital Partners LLP grew its stake in Sportsman's Warehouse by 153.2% in the 1st quarter. GSA Capital Partners LLP now owns 952,178 shares of the company's stock valued at $947,000 after buying an additional 576,098 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Sportsman's Warehouse by 4.1% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 768,638 shares of the company's stock valued at $764,000 after buying an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analyst Weigh In

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

Sportsman's Warehouse Price Performance

NASDAQ:SPWH traded up $0.08 on Thursday, hitting $3.12. The company had a trading volume of 432,708 shares, compared to its average volume of 522,130. The firm has a 50 day moving average of $3.16 and a two-hundred day moving average of $2.47. The stock has a market capitalization of $119.90 million, a price-to-earnings ratio of -3.18 and a beta of 0.65. Sportsman's Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.33. 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 (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.12). The firm had revenue of $293.90 million during the quarter, compared to the consensus estimate 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. On average, research analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Sportsman's Warehouse Profile

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.