Skylands Capital LLC Has $382,000 Holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Skylands Capital LLC boosted its stake in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 43.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 384,000 shares of the company's stock after purchasing an additional 116,550 shares during the quarter. Skylands Capital LLC owned about 1.00% of Sportsman's Warehouse worth $382,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective on the stock in a research note on Wednesday, April 2nd. B. Riley restated a "buy" rating and issued a $4.00 price target (up from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Roth Capital reaffirmed a "buy" rating and set a $3.00 price objective (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Finally, Roth Mkm decreased their target price on 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. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Sportsman's Warehouse currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.00.

Insider Activity

In other news, Director Richard D. Mcbee bought 75,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of $2.68 per share, with a total value of $201,000.00. Following the acquisition, the director owned 339,886 shares in the company, valued at $910,894.48. This trade represents a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.70% of the company's stock.

Sportsman's Warehouse Stock Performance

Sportsman's Warehouse stock traded up $0.20 on Thursday, hitting $3.51. The company's stock had a trading volume of 349,329 shares, compared to its average volume of 1,037,913. Sportsman's Warehouse Holdings, Inc. has a one year low of $0.92 and a one year high of $4.33. The firm has a market cap of $134.31 million, a P/E ratio of -3.65 and a beta of 0.67. The company has a quick ratio of 0.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $2.54 and a 200-day moving average price of $2.04.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.48) by $0.07. The firm had revenue of $249.10 million during the quarter, compared to analyst estimates 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 quarter in the prior year, the business posted ($0.47) earnings per share. On average, equities 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.