Greenwood Gearhart Inc. Grows Stake in Sportsman’s Warehouse Holdings, Inc. $SPWH

Greenwood Gearhart Inc. raised its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 75.3% during the second quarter, HoldingsChannel reports. The fund owned 55,897 shares of the company’s stock after buying an additional 24,002 shares during the period. Greenwood Gearhart Inc.’s holdings in Sportsman’s Warehouse were worth $193,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SPWH. Skylands Capital LLC grew its stake in shares of Sportsman’s Warehouse by 43.6% in the first quarter. Skylands Capital LLC now owns 384,000 shares of the company’s stock worth $382,000 after acquiring an additional 116,550 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of Sportsman’s Warehouse by 153.2% in the first quarter. GSA Capital Partners LLP now owns 952,178 shares of the company’s stock worth $947,000 after acquiring an additional 576,098 shares during the last quarter. R Squared Ltd boosted its position in shares of Sportsman’s Warehouse by 153.2% during the first quarter. R Squared Ltd now owns 31,170 shares of the company’s stock valued at $31,000 after buying an additional 18,860 shares during the last quarter. Gabelli Funds LLC boosted its position in shares of Sportsman’s Warehouse by 0.9% during the first quarter. Gabelli Funds LLC now owns 1,026,417 shares of the company’s stock valued at $1,020,000 after buying an additional 9,000 shares during the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in shares of Sportsman’s Warehouse by 4.1% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 768,638 shares of the company’s stock valued at $764,000 after buying an additional 30,000 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Stock Down 4.5%

SPWH stock opened at $2.78 on Friday. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $4.33. The business’s 50-day moving average is $2.99 and its two-hundred day moving average is $2.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.19. The company has a market cap of $106.84 million, a price-to-earnings ratio of -2.84 and a beta of 0.63.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Thursday, September 4th. The company reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). Sportsman’s Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.10%.The company had revenue of $293.90 million for the quarter, compared to the consensus estimate of $291.56 million. Sportsman’s Warehouse has set its FY 2025 guidance at EPS. As a group, analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Insider Buying and Selling at Sportsman’s Warehouse

In other news, CEO Paul Stone bought 59,979 shares of the stock in a transaction on Friday, October 3rd. The shares were bought at an average price of $2.80 per share, with a total value of $167,941.20. Following the completion of the acquisition, the chief executive officer owned 1,110,602 shares in the company, valued at $3,109,685.60. The trade was a 5.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Mcbee bought 25,000 shares of the stock in a transaction on Thursday, October 2nd. The stock was purchased at an average cost of $2.47 per share, for a total transaction of $61,750.00. Following the acquisition, the director owned 364,886 shares of the company’s stock, valued at $901,268.42. This trade represents a 7.36% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 143,279 shares of company stock valued at $390,609. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently commented on SPWH shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Sportsman’s Warehouse in a research report on Wednesday. Lake Street Capital increased their price objective on Sportsman’s Warehouse from $3.00 to $3.50 and gave the company a “buy” rating in a research report on Friday, September 5th. Finally, Roth Capital increased their price objective on Sportsman’s Warehouse from $3.00 to $4.25 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Five analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.45.

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.