JB Capital Partners LP Acquires Shares of 1,710,794 Sportsman’s Warehouse Holdings, Inc. $SPWH

JB Capital Partners LP bought a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,710,794 shares of the company’s stock, valued at approximately $2,275,356. JB Capital Partners LP owned 4.38% of Sportsman’s Warehouse as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of Sportsman’s Warehouse by 30.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock valued at $317,000 after buying an additional 74,601 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Sportsman’s Warehouse by 217.1% in the first 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. JPMorgan Chase & Co. grew its position in shares of Sportsman’s Warehouse by 123.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after purchasing an additional 411,295 shares during the period. Prudential Financial Inc. acquired a new position in Sportsman’s Warehouse in the 2nd quarter valued at about $56,000. Finally, XTX Topco Ltd bought a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at $189,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on SPWH shares. 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. Weiss Ratings lowered shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. Finally, Zacks Research downgraded shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $2.58.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ:SPWH traded up $0.01 on Friday, reaching $1.15. 152,539 shares of the company’s stock were exchanged, compared to its average volume of 529,739. The company 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 fifty day moving average of $1.20 and a 200-day moving average of $1.30. The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. Sportsman’s Warehouse Holdings, Inc. has a twelve month low of $1.08 and a twelve month 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. The business had revenue of $256.08 million during the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.During the same quarter last year, the company earned ($0.56) EPS. On average, research analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.34 EPS for the current fiscal year.

About Sportsman’s Warehouse

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.