Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Stock Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 1,515.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,400 shares of the company’s stock after buying an additional 8,818 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Sportsman’s Warehouse were worth $54,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of SPWH. Swiss National Bank grew its position in shares of Sportsman’s Warehouse by 7.8% during the 1st quarter. Swiss National Bank now owns 103,700 shares of the company’s stock valued at $1,109,000 after buying an additional 7,500 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Sportsman’s Warehouse by 359.7% during the 1st quarter. JPMorgan Chase & Co. now owns 148,036 shares of the company’s stock valued at $1,581,000 after buying an additional 115,830 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Sportsman’s Warehouse by 128.5% during the 1st quarter. MetLife Investment Management LLC now owns 22,488 shares of the company’s stock valued at $240,000 after buying an additional 12,648 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sportsman’s Warehouse by 28.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,530,309 shares of the company’s stock valued at $16,361,000 after buying an additional 338,566 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Sportsman’s Warehouse by 43.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 345,000 shares of the company’s stock valued at $3,688,000 after buying an additional 104,000 shares during the last quarter. Institutional investors own 88.96% of the company’s stock.

Insider Transactions at Sportsman’s Warehouse

In other news, major shareholder Cannell Capital Llc sold 27,733 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $3.67, for a total value of $101,780.11. Following the completion of the sale, the insider now directly owns 3,715,808 shares of the company’s stock, valued at approximately $13,637,015.36. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Sportsman’s Warehouse news, Director Richard D. Mcbee bought 30,723 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The stock was acquired at an average cost of $3.75 per share, with a total value of $115,211.25. Following the completion of the purchase, the director now directly owns 125,579 shares in the company, valued at $470,921.25. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Cannell Capital Llc sold 27,733 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $3.67, for a total transaction of $101,780.11. Following the sale, the insider now directly owns 3,715,808 shares of the company’s stock, valued at $13,637,015.36. The disclosure for this sale can be found here. In the last three months, insiders purchased 75,762 shares of company stock valued at $317,916. Company insiders own 1.90% of the company’s stock.

Sportsman’s Warehouse Trading Up 1.9 %

Shares of NASDAQ:SPWH opened at $4.87 on Friday. The company has a 50 day moving average of $4.46 and a 200-day moving average of $5.20. The firm has a market cap of $182.06 million, a P/E ratio of 44.27 and a beta of 0.92. Sportsman’s Warehouse Holdings, Inc. has a twelve month low of $2.98 and a twelve month high of $10.62.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Wednesday, September 6th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.06). The company had revenue of $309.50 million during the quarter, compared to analyst estimates of $326.01 million. Sportsman’s Warehouse had a return on equity of 3.33% and a net margin of 0.38%. The company’s revenue was down 11.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. Equities research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.39 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of Sportsman’s Warehouse from $6.50 to $5.00 in a research report on Thursday, September 7th. B. Riley reduced their target price on shares of Sportsman’s Warehouse from $12.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, September 7th. Finally, StockNews.com began coverage on shares of Sportsman’s Warehouse in a research note on Thursday, August 17th. They set a “sell” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $8.25.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.