Connor Clark & Lunn Investment Management Ltd. Invests $688,000 in Sportsman’s Warehouse Holdings, Inc. $SPWH

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 199,441 shares of the company’s stock, valued at approximately $688,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. increased its position in Sportsman’s Warehouse by 50.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock valued at $62,000 after acquiring an additional 6,000 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at approximately $45,000. Greenwood Gearhart Inc. increased its holdings in shares of Sportsman’s Warehouse by 75.3% in the second quarter. Greenwood Gearhart Inc. now owns 55,897 shares of the company’s stock valued at $193,000 after purchasing an additional 24,002 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Sportsman’s Warehouse by 30.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock worth $317,000 after buying an additional 74,601 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Sportsman’s Warehouse by 217.1% in the 1st quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock valued at $214,000 after buying an additional 148,296 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Down 1.1%

NASDAQ:SPWH opened at $1.88 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.06 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $72.25 million, a price-to-earnings ratio of -1.92 and a beta of 0.61. The business’s 50-day moving average price is $2.69 and its two-hundred day moving average price is $2.87. Sportsman’s Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $4.33.

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

Insider Buying and Selling

In other Sportsman’s Warehouse news, CEO Paul Stone acquired 59,979 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were acquired at an average price of $2.80 per share, for a total transaction of $167,941.20. Following the acquisition, the chief executive officer directly owned 1,110,602 shares of the company’s stock, valued at approximately $3,109,685.60. This trade represents a 5.71% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Michael D. Tucci bought 50,000 shares of the stock in a transaction that occurred on Friday, October 3rd. The shares were acquired at an average cost of $2.81 per share, with a total value of $140,500.00. Following the completion of the purchase, the director owned 73,113 shares in the company, valued at $205,447.53. This represents a 216.33% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 143,279 shares of company stock valued at $390,609. 1.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on SPWH shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Thursday, November 13th. Lake Street Capital lifted their price target on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $3.45.

Sportsman’s Warehouse 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.