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

Gabelli Funds LLC lowered its stake in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 1.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,017,417 shares of the company’s stock after selling 17,200 shares during the period. Gabelli Funds LLC owned approximately 2.68% of Sportsman’s Warehouse worth $2,717,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Portolan Capital Management LLC boosted its position in shares of Sportsman’s Warehouse by 146.7% during the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock valued at $6,232,000 after acquiring an additional 1,387,935 shares in the last quarter. Empowered Funds LLC boosted its holdings in Sportsman’s Warehouse by 5.2% during the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock valued at $338,000 after purchasing an additional 6,225 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sportsman’s Warehouse in the 4th quarter valued at approximately $806,000. Jane Street Group LLC raised its holdings in shares of Sportsman’s Warehouse by 16.6% in the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after buying an additional 32,073 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth approximately $107,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. B. Riley reiterated a “buy” rating and set a $3.00 price objective (down from $4.00) on shares of Sportsman’s Warehouse in a research note on Wednesday, April 2nd. Craig Hallum upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a research report on Wednesday, April 2nd. Finally, Roth Mkm reduced their price target 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. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sportsman’s Warehouse presently has an average rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Price Performance

Shares of SPWH stock opened at $1.54 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $58.70 million, a price-to-earnings ratio of -1.75 and a beta of 0.75. The firm’s 50 day moving average is $1.38 and its 200-day moving average is $2.04. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The firm had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. Sell-side analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Sportsman’s Warehouse Company 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.