Cannell Capital LLC Lowers Holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Cannell Capital LLC decreased its position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,952,940 shares of the company's stock after selling 564,899 shares during the quarter. Sportsman's Warehouse accounts for approximately 1.1% of Cannell Capital LLC's portfolio, making the stock its 27th largest holding. Cannell Capital LLC owned 5.14% of Sportsman's Warehouse worth $5,214,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPWH. FMR LLC raised its holdings in Sportsman's Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company's stock worth $14,747,000 after purchasing an additional 174,858 shares during the period. Geode Capital Management LLC lifted its position in shares of Sportsman's Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company's stock valued at $1,176,000 after buying an additional 10,058 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Sportsman's Warehouse by 84.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 313,726 shares of the company's stock valued at $838,000 after acquiring an additional 143,924 shares during the period. Raymond James Financial Inc. purchased a new stake in Sportsman's Warehouse in the 4th quarter worth $806,000. Finally, American Century Companies Inc. raised its position in Sportsman's Warehouse by 88.7% during the fourth quarter. American Century Companies Inc. now owns 270,130 shares of the company's stock worth $721,000 after acquiring an additional 126,995 shares during the period. 83.04% of the stock is owned by hedge funds and other institutional investors.

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Sportsman's Warehouse Price Performance

SPWH traded down $0.07 during trading on Friday, reaching $1.40. The company's stock had a trading volume of 471,455 shares, compared to its average volume of 988,588. The company has a market cap of $53.37 million, a price-to-earnings ratio of -1.59 and a beta of 0.75. The firm has a fifty day simple moving average of $1.42 and a two-hundred day simple moving average of $2.07. 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.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.12. The firm had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on SPWH shares. Roth Mkm cut their target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research note on Wednesday, April 2nd. B. Riley reiterated a "buy" rating and issued a $3.00 price objective (down from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Finally, Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price for the company in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus 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.