Rhumbline Advisers Sells 40,044 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Rhumbline Advisers cut its position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 64.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,434 shares of the company’s stock after selling 40,044 shares during the quarter. Rhumbline Advisers owned 0.06% of Sportsman’s Warehouse worth $54,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Skylands Capital LLC raised its position in Sportsman’s Warehouse by 44.6% during the second quarter. Skylands Capital LLC now owns 194,000 shares of the company’s stock valued at $468,000 after purchasing an additional 59,800 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Sportsman’s Warehouse during the 1st quarter worth $85,000. Kennedy Capital Management LLC bought a new stake in shares of Sportsman’s Warehouse during the 1st quarter worth $187,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its position in shares of Sportsman’s Warehouse by 19.5% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock worth $2,316,000 after buying an additional 121,731 shares during the last quarter. Finally, Gabelli Funds LLC boosted its stake in Sportsman’s Warehouse by 2.5% in the first quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock valued at $3,912,000 after buying an additional 31,000 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on SPWH shares. Roth Capital raised shares of Sportsman’s Warehouse to a “strong-buy” rating in a report on Monday, June 3rd. Robert W. Baird dropped their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Craig Hallum cut their target price on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Roth Mkm lowered their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. Finally, B. Riley cut their price objective on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.80.

Sportsman’s Warehouse Trading Down 4.9 %

Shares of NASDAQ SPWH opened at $2.71 on Tuesday. The stock has a market cap of $102.30 million, a P/E ratio of -3.23 and a beta of 0.67. The firm has a 50 day moving average price of $2.40 and a two-hundred day moving average price of $2.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. Sportsman’s Warehouse Holdings, Inc. has a 52-week low of $1.81 and a 52-week high of $5.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The company had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. As a group, equities analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Insider Transactions at Sportsman’s Warehouse

In related news, CEO Paul Stone bought 39,920 shares of Sportsman’s Warehouse stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now directly owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Paul Stone bought 39,920 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard D. Mcbee purchased 20,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the transaction, the director now directly owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.