Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,033,584 shares of the company’s stock after selling 28,972 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sportsman’s Warehouse were worth $2,760,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPWH. Portolan Capital Management LLC raised its position in Sportsman’s Warehouse by 146.7% during the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock valued at $6,232,000 after acquiring an additional 1,387,935 shares in the last quarter. Marshall Wace LLP raised its position in Sportsman’s Warehouse by 365.9% during the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company’s stock valued at $3,214,000 after acquiring an additional 945,438 shares in the last quarter. Walleye Capital LLC purchased a new position in Sportsman’s Warehouse during the fourth quarter valued at approximately $948,000. Renaissance Technologies LLC purchased a new position in Sportsman’s Warehouse during the fourth quarter valued at approximately $857,000. Finally, Raymond James Financial Inc. purchased a new position in Sportsman’s Warehouse during the fourth quarter valued at approximately $806,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Up 5.0%

Sportsman’s Warehouse stock opened at $2.10 on Wednesday. The stock has a market capitalization of $80.40 million, a PE ratio of -2.39 and a beta of 0.55. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $0.92 and a 12 month high of $4.44. The business has a 50 day simple moving average of $1.41 and a 200-day simple moving average of $1.91. 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 (NASDAQ:SPWH) last posted its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. The business had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. On average, analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on SPWH shares. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Wednesday, April 2nd. Roth Mkm reduced their price target on Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research 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 research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Sportsman’s Warehouse presently 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.