Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lessened its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,283 shares of the company’s stock after selling 38,475 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Sportsman’s Warehouse were worth $561,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. purchased a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $33,000. R Squared Ltd purchased a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $33,000. Greenwood Gearhart Inc. purchased a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $85,000. Barclays PLC raised its holdings in shares of Sportsman’s Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after acquiring an additional 38,038 shares during the period. Finally, U S Wealth Group LLC. purchased a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $138,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $1.79 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.44. The company has a market capitalization of $68.53 million, a PE ratio of -2.03 and a beta of 0.55. The company has a fifty day moving average of $1.40 and a two-hundred day moving average of $1.92.

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

Wall Street Analyst Weigh In

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

About Sportsman’s Warehouse

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.