Dimensional Fund Advisors LP Trims Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Dimensional Fund Advisors LP decreased its holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 15.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,200,811 shares of the company's stock after selling 221,471 shares during the period. Dimensional Fund Advisors LP owned approximately 3.18% of Sportsman's Warehouse worth $2,894,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of SPWH. American Century Companies Inc. increased its holdings in shares of Sportsman's Warehouse by 32.0% in the second quarter. American Century Companies Inc. now owns 79,426 shares of the company's stock valued at $191,000 after purchasing an additional 19,237 shares during the last quarter. Skylands Capital LLC raised its holdings in shares of Sportsman's Warehouse by 44.6% during the 2nd quarter. Skylands Capital LLC now owns 194,000 shares of the company's stock worth $468,000 after acquiring an additional 59,800 shares during the period. Virtu Financial LLC acquired a new position in shares of Sportsman's Warehouse during the 1st quarter valued at about $85,000. Kennedy Capital Management LLC purchased a new stake in shares of Sportsman's Warehouse in the first quarter valued at about $187,000. Finally, GABELLI & Co INVESTMENT ADVISERS INC. increased its position in Sportsman's Warehouse by 19.5% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company's stock worth $2,316,000 after purchasing an additional 121,731 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Sportsman's Warehouse Stock Up 2.8 %

Sportsman's Warehouse stock traded up $0.08 during mid-day trading on Friday, reaching $2.95. 294,506 shares of the company's stock were exchanged, compared to its average volume of 461,755. The company has a quick ratio of 0.07, a current ratio of 1.22 and a debt-to-equity ratio of 0.10. Sportsman's Warehouse Holdings, Inc. has a twelve month low of $1.81 and a twelve month high of $5.55. The company has a market cap of $111.66 million, a P/E ratio of -3.15 and a beta of 0.67. The company has a fifty day moving average of $2.44 and a 200-day moving average of $2.78.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman's Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. The company had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Sell-side analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SPWH shares. Lake Street Capital lowered their price objective on Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Roth Mkm reduced their price objective on shares of Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating on the stock in a report on Tuesday, September 10th. Craig Hallum lowered their target price on shares of Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating for the company in a research note on Wednesday, September 4th. B. Riley reduced their price target on shares of Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 4th. Finally, Robert W. Baird lowered their price objective on shares of Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sportsman's Warehouse has a consensus rating of "Hold" and an average target price of $2.80.

Insider Transactions at Sportsman's Warehouse

In other news, CEO Paul Stone purchased 39,920 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the purchase, the chief executive officer now directly owns 904,157 shares of the company's stock, valued at $2,296,558.78. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the purchase, the director now directly owns 205,608 shares in the company, valued at $524,300.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul Stone acquired 39,920 shares of the business's stock in a transaction on Monday, September 9th. The shares were bought at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now owns 904,157 shares of the company's stock, valued at $2,296,558.78. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company's stock.

About Sportsman's Warehouse

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.