Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Shares Sold by Millennium Management LLC

Millennium Management LLC lessened its position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,217 shares of the company's stock after selling 207,837 shares during the quarter. Millennium Management LLC owned about 1.14% of Sportsman's Warehouse worth $1,157,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Empowered Funds LLC raised its stake in shares of Sportsman's Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock worth $338,000 after acquiring an additional 6,225 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Sportsman's Warehouse by 1.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock worth $1,482,000 after purchasing an additional 6,972 shares during the last quarter. Balyasny Asset Management L.P. purchased a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $33,000. XTX Topco Ltd grew its position in Sportsman's Warehouse by 71.5% during the 4th quarter. XTX Topco Ltd now owns 67,680 shares of the company's stock worth $181,000 after purchasing an additional 28,206 shares during the last quarter. Finally, Greenwood Gearhart Inc. purchased a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $85,000. Institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Stock Performance

Shares of SPWH stock traded up $0.39 during trading hours on Friday, hitting $3.02. The company's stock had a trading volume of 3,178,930 shares, compared to its average volume of 1,014,647. The company has a 50 day moving average of $1.81 and a 200 day moving average of $1.87. The stock has a market cap of $115.72 million, a PE ratio of -3.43 and a beta of 0.45. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. Sportsman's Warehouse Holdings, Inc. has a 12-month low of $0.92 and a 12-month high of $3.37.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.07. The business had revenue of $249.10 million for the quarter, compared to the consensus estimate of $238.25 million. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. During the same period in the prior year, the firm earned ($0.47) EPS. On average, sell-side analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Insider Activity at Sportsman's Warehouse

In other news, Director Richard D. Mcbee bought 75,000 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The stock was purchased at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the purchase, the director now directly owns 339,886 shares in the company, valued at approximately $910,894.48. This trade represents a 28.31% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Roth Mkm dropped their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. B. Riley reissued 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. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a research report on Wednesday, April 2nd. Finally, Roth Capital reissued a "buy" rating and set a $3.00 target price (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $3.00.

Sportsman's Warehouse Company 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.