Union Square Park Capital Management LLC Buys 596,658 Shares of Sportsman’s Warehouse Holdings, Inc. $SPWH

Union Square Park Capital Management LLC boosted its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 33.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,378,681 shares of the company’s stock after purchasing an additional 596,658 shares during the period. Sportsman’s Warehouse comprises about 1.7% of Union Square Park Capital Management LLC’s holdings, making the stock its 14th largest holding. Union Square Park Capital Management LLC owned about 0.06% of Sportsman’s Warehouse worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Gamco Investors INC. ET AL raised its stake in shares of Sportsman’s Warehouse by 0.9% during the third quarter. Gamco Investors INC. ET AL now owns 546,000 shares of the company’s stock valued at $1,512,000 after acquiring an additional 5,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Sportsman’s Warehouse by 1.5% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 635,830 shares of the company’s stock valued at $928,000 after acquiring an additional 9,450 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Sportsman’s Warehouse during the second quarter valued at $56,000. Empowered Funds LLC raised its stake in shares of Sportsman’s Warehouse by 11.3% during the fourth quarter. Empowered Funds LLC now owns 192,358 shares of the company’s stock valued at $281,000 after acquiring an additional 19,465 shares during the last quarter. Finally, Centiva Capital LP bought a new position in shares of Sportsman’s Warehouse during the third quarter valued at $63,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings raised shares of Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $2.58.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $1.28 on Wednesday. Sportsman’s Warehouse Holdings, Inc. has a twelve month low of $1.08 and a twelve month high of $3.90. The firm has a fifty day simple moving average of $1.38 and a 200 day simple moving average of $1.42. The company has a market capitalization of $49.95 million, a PE ratio of -0.98 and a beta of 0.41. The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, June 2nd. The company reported ($0.39) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $256.08 million during the quarter, compared to the consensus estimate of $252.30 million. During the same quarter last year, the firm earned ($0.56) earnings per share. On average, sell-side analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.34 EPS for the current 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.