Point72 DIFC Ltd Acquires New Stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Point72 DIFC Ltd purchased a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the second quarter, HoldingsChannel.com reports. The firm purchased 16,519 shares of the company’s stock, valued at approximately $40,000.

A number of other large investors have also recently bought and sold shares of SPWH. State Board of Administration of Florida Retirement System acquired a new stake in Sportsman’s Warehouse during the 1st quarter worth about $38,000. Virtu Financial LLC acquired a new stake in Sportsman’s Warehouse during the 1st quarter worth about $85,000. Quadrature Capital Ltd acquired a new stake in Sportsman’s Warehouse during the 4th quarter worth about $88,000. Kennedy Capital Management LLC acquired a new stake in Sportsman’s Warehouse during the 1st quarter worth about $187,000. Finally, American Century Companies Inc. grew its holdings in Sportsman’s Warehouse by 32.0% during the 2nd quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock worth $191,000 after acquiring an additional 19,237 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $2.85 on Monday. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $1.81 and a fifty-two week high of $5.55. The stock has a market cap of $107.87 million, a price-to-earnings ratio of -3.39 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. The firm’s 50-day simple moving average is $2.40 and its 200 day simple moving average is $2.79.

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

Analyst Upgrades and Downgrades

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

Insider Activity at Sportsman’s Warehouse

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

About Sportsman’s Warehouse

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.