JB Capital Partners LP Takes $2.28 Billion Position in Sportsman’s Warehouse Holdings, Inc. $SPWH

JB Capital Partners LP purchased a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,710,794 shares of the company’s stock, valued at approximately $2,275,356,000.

Several other hedge funds have also recently modified their holdings of SPWH. Dynamic Technology Lab Private Ltd purchased a new position in Sportsman’s Warehouse in the 4th quarter valued at $41,000. SBI Securities Co. Ltd. raised its position in Sportsman’s Warehouse by 158,500.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of Sportsman’s Warehouse in the 2nd quarter worth $56,000. Centiva Capital LP acquired a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth $63,000. Finally, Teton Advisors LLC boosted its holdings in shares of Sportsman’s Warehouse by 14.3% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after acquiring an additional 10,000 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Trading Down 1.7%

NASDAQ:SPWH opened at $1.15 on Friday. The stock has a fifty day moving average price of $1.22 and a two-hundred day moving average price of $1.30. The stock has a market capitalization of $44.87 million, a price-to-earnings ratio of -0.88 and a beta of 0.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.18. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $1.08 and a 1 year high of $3.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.19. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The company had revenue of $256.08 million for the quarter, compared to analyst estimates of $252.30 million. During the same period in the previous year, the firm earned ($0.56) EPS. As a group, sell-side analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

SPWH has been the topic of a number of recent analyst reports. Weiss Ratings lowered shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Zacks Research lowered Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $2.58.

Sportsman’s Warehouse Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.