Skylands Capital LLC Purchases 116,550 Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Skylands Capital LLC boosted its position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 384,000 shares of the company's stock after purchasing an additional 116,550 shares during the period. Skylands Capital LLC owned approximately 1.00% of Sportsman's Warehouse worth $382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in SPWH. Union Square Park Capital Management LLC raised its holdings in shares of Sportsman's Warehouse by 15.0% in the fourth quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock worth $4,489,000 after buying an additional 219,210 shares during the period. Soviero Asset Management LP purchased a new stake in Sportsman's Warehouse in the fourth quarter worth $668,000. Squarepoint Ops LLC lifted its position in shares of Sportsman's Warehouse by 225.0% during the fourth quarter. Squarepoint Ops LLC now owns 165,178 shares of the company's stock worth $441,000 after purchasing an additional 114,353 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Sportsman's Warehouse during the fourth quarter worth $501,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Sportsman's Warehouse during the fourth quarter valued at $716,000. Institutional investors own 83.04% of the company's stock.

Insider Activity

In other news, Director Richard D. Mcbee acquired 75,000 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were purchased at an average price of $2.68 per share, with a total value of $201,000.00. Following the transaction, the director now directly owns 339,886 shares in the company, valued at approximately $910,894.48. This represents a 28.31% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.70% of the company's stock.

Sportsman's Warehouse Stock Up 7.3%

Shares of Sportsman's Warehouse stock opened at $3.53 on Monday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.17 and a quick ratio of 0.08. The stock has a market cap of $135.26 million, a price-to-earnings ratio of -3.68 and a beta of 0.45. The firm's 50-day moving average is $2.44 and its two-hundred day moving average is $2.02. Sportsman's Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.33.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.48) by $0.07. The firm 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 3.01% and a negative return on equity of 7.65%. During the same period last year, the firm earned ($0.47) earnings per share. As a group, research analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a research note on Wednesday, April 2nd. Roth Mkm lowered their price objective on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Roth Capital reaffirmed a "buy" rating and set a $3.00 target price (up from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Finally, B. Riley reaffirmed a "buy" rating and set a $4.00 price target (up previously from $3.00) on shares of Sportsman's Warehouse in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Sportsman's Warehouse currently has an average rating of "Moderate Buy" and an average price target of $3.00.

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.

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