Gabelli Funds LLC Has $2.72 Million Stock Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Gabelli Funds LLC cut its stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 1.7% in the fourth quarter, Holdings Channel reports. The firm owned 1,017,417 shares of the company’s stock after selling 17,200 shares during the quarter. Gabelli Funds LLC’s holdings in Sportsman’s Warehouse were worth $2,717,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Portolan Capital Management LLC increased its position in shares of Sportsman’s Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock valued at $6,232,000 after buying an additional 1,387,935 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Sportsman’s Warehouse by 2.4% in the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $1,176,000 after acquiring an additional 10,058 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth about $948,000. Renaissance Technologies LLC bought a new position in shares of Sportsman’s Warehouse during the 4th quarter valued at about $857,000. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of Sportsman’s Warehouse by 84.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 313,726 shares of the company’s stock valued at $838,000 after purchasing an additional 143,924 shares during the period. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Down 1.3 %

Shares of SPWH stock opened at $1.54 on Friday. The firm’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $2.04. 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 1 year low of $0.92 and a 1 year high of $4.44. The firm has a market capitalization of $58.70 million, a P/E ratio of -1.75 and a beta of 0.75.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. On average, equities analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SPWH shares. 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 cut their price objective 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. Finally, B. Riley reiterated a “buy” rating and set a $3.00 target price (down previously from $4.00) on shares of Sportsman’s Warehouse in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $2.80.

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.