Solas Capital Management LLC Lowers Holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Solas Capital Management LLC lowered its stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 24.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,107,137 shares of the company's stock after selling 349,826 shares during the period. Sportsman's Warehouse accounts for about 2.0% of Solas Capital Management LLC's holdings, making the stock its 16th largest holding. Solas Capital Management LLC owned 2.92% of Sportsman's Warehouse worth $2,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Sportsman's Warehouse during the fourth quarter valued at $33,000. Greenwood Gearhart Inc. bought a new position in Sportsman's Warehouse in the fourth quarter worth approximately $85,000. Barclays PLC increased its position in Sportsman's Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after buying an additional 38,038 shares in the last quarter. U S Wealth Group LLC. bought a new position in shares of Sportsman's Warehouse during the 4th quarter valued at approximately $138,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Sportsman's Warehouse in the fourth quarter worth approximately $155,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SPWH shares. Roth Mkm lowered 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 report on Wednesday, April 2nd. B. Riley restated a "buy" rating and issued a $3.00 target price (down from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Finally, Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Sportsman's Warehouse has an average rating of "Moderate Buy" and an average target price of $2.80.

Sportsman's Warehouse Stock Performance

NASDAQ:SPWH remained flat at $1.67 during trading hours on Thursday. 205,520 shares of the company's stock were exchanged, compared to its average volume of 992,917. The stock has a fifty day moving average of $1.36 and a 200-day moving average of $1.98. Sportsman's Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.44. The firm has a market cap of $63.94 million, a price-to-earnings ratio of -1.89 and a beta of 0.75. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, research analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS 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.