Bank of New York Mellon Corp Purchases 4,556 Shares of Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)

Bank of New York Mellon Corp lifted its position in Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) by 2.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 216,544 shares of the company’s stock after buying an additional 4,556 shares during the period. Bank of New York Mellon Corp owned about 0.50% of Sportsman’s Warehouse worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPWH. Bank of Montreal Can bought a new position in shares of Sportsman’s Warehouse in the second quarter worth approximately $70,000. Stone Ridge Asset Management LLC lifted its stake in shares of Sportsman’s Warehouse by 37.1% in the second quarter. Stone Ridge Asset Management LLC now owns 37,334 shares of the company’s stock worth $141,000 after buying an additional 10,100 shares in the last quarter. Menta Capital LLC lifted its stake in shares of Sportsman’s Warehouse by 23.4% in the second quarter. Menta Capital LLC now owns 40,360 shares of the company’s stock worth $153,000 after buying an additional 7,644 shares in the last quarter. Rice Hall James & Associates LLC lifted its stake in shares of Sportsman’s Warehouse by 5.4% in the second quarter. Rice Hall James & Associates LLC now owns 63,696 shares of the company’s stock worth $241,000 after buying an additional 3,245 shares in the last quarter. Finally, Strs Ohio lifted its stake in shares of Sportsman’s Warehouse by 7.4% in the second quarter. Strs Ohio now owns 85,100 shares of the company’s stock worth $321,000 after buying an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 92.60% of the company’s stock.

Several research analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated an “overweight” rating and issued a $8.00 target price (up previously from $7.00) on shares of Sportsman’s Warehouse in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Tuesday, September 3rd. ValuEngine upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. DA Davidson set a $6.00 price objective on shares of Sportsman’s Warehouse and gave the company a “buy” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird increased their price objective on shares of Sportsman’s Warehouse from $4.00 to $5.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $5.88.



Shares of Sportsman’s Warehouse stock opened at $6.29 on Friday. The company has a market cap of $230.85 million, a price-to-earnings ratio of 10.48 and a beta of 0.29. The company’s 50 day moving average is $4.77 and its 200 day moving average is $4.38. Sportsman’s Warehouse Holdings Inc has a twelve month low of $3.41 and a twelve month high of $6.69. The company has a quick ratio of 0.05, a current ratio of 1.04 and a debt-to-equity ratio of 2.31.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.01. The company had revenue of $211.80 million for the quarter, compared to the consensus estimate of $207.31 million. Sportsman’s Warehouse had a net margin of 2.71% and a return on equity of 27.73%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Sell-side analysts expect that Sportsman’s Warehouse Holdings Inc will post 0.54 EPS for the current fiscal year.

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 clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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Institutional Ownership by Quarter for Sportsman`s Warehouse (NASDAQ:SPWH)

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