Solas Capital Management LLC Sells 349,826 Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Solas Capital Management LLC lowered its stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 24.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,107,137 shares of the company's stock after selling 349,826 shares during the quarter. Sportsman's Warehouse accounts for approximately 2.0% of Solas Capital Management LLC's portfolio, making the stock its 16th largest position. Solas Capital Management LLC owned approximately 2.92% of Sportsman's Warehouse worth $2,956,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at about $33,000. Greenwood Gearhart Inc. bought a new position in Sportsman's Warehouse in the 4th quarter valued at about $85,000. Barclays PLC boosted its stake in Sportsman's Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock valued at $103,000 after purchasing an additional 38,038 shares during the last quarter. U S Wealth Group LLC. bought a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $138,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Sportsman's Warehouse in the fourth quarter worth approximately $155,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SPWH. Craig Hallum raised 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. B. Riley reissued a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. Finally, Roth Mkm reduced their price objective on shares of 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. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Stock Performance

NASDAQ SPWH traded down $0.03 during trading hours on Monday, reaching $1.63. 232,793 shares of the company were exchanged, compared to its average volume of 994,126. Sportsman's Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.44. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The business's 50 day simple moving average is $1.36 and its 200-day simple moving average is $1.99. The stock has a market capitalization of $62.41 million, a P/E ratio of -1.85 and a beta of 0.75.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. On average, equities research analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

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.