Wells Fargo & Company MN cut its stake in Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) by 49.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,255,500 shares of the company’s stock after selling 1,203,982 shares during the period. Wells Fargo & Company MN owned about 3.01% of Sportsman’s Warehouse Holdings worth $13,209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in SPWH. Franklin Resources Inc. increased its position in shares of Sportsman’s Warehouse Holdings by 8.9% in the second quarter. Franklin Resources Inc. now owns 3,614,568 shares of the company’s stock valued at $29,134,000 after buying an additional 294,500 shares during the last quarter. TimesSquare Capital Management LLC acquired a new position in shares of Sportsman’s Warehouse Holdings during the second quarter valued at approximately $16,120,000. Eagle Asset Management Inc. increased its position in shares of Sportsman’s Warehouse Holdings by 80.5% in the second quarter. Eagle Asset Management Inc. now owns 1,743,983 shares of the company’s stock valued at $14,056,000 after buying an additional 777,539 shares during the last quarter. Stephens Investment Management Group LLC increased its position in shares of Sportsman’s Warehouse Holdings by 41.4% in the second quarter. Stephens Investment Management Group LLC now owns 1,674,964 shares of the company’s stock valued at $13,500,000 after buying an additional 490,258 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Sportsman’s Warehouse Holdings by 25.8% in the second quarter. Vanguard Group Inc. now owns 1,018,761 shares of the company’s stock valued at $8,212,000 after buying an additional 209,106 shares during the last quarter. 79.15% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Sportsman’s Warehouse Holdings Inc. (NASDAQ:SPWH) traded up 3.16% during mid-day trading on Monday, hitting $9.14. 578,193 shares of the company’s stock traded hands. Sportsman’s Warehouse Holdings Inc. has a 52 week low of $7.71 and a 52 week high of $14.18. The firm has a 50-day moving average of $9.40 and a 200 day moving average of $9.60. The company has a market cap of $381.14 million, a PE ratio of 12.69 and a beta of -0.48.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last issued its earnings results on Thursday, November 17th. The company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Sportsman’s Warehouse Holdings had a net margin of 3.96% and a return on equity of 564.51%. The firm had revenue of $217.16 million for the quarter. During the same quarter in the prior year, the business earned $0.24 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts predict that Sportsman’s Warehouse Holdings Inc. will post $0.74 EPS for the current year.

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Several research analysts have recently commented on SPWH shares. Zacks Investment Research downgraded Sportsman’s Warehouse Holdings from a “hold” rating to a “sell” rating in a report on Saturday, November 19th. Credit Suisse Group AG set a $16.00 price objective on Sportsman’s Warehouse Holdings and gave the stock a “buy” rating in a report on Monday, October 10th. DA Davidson reaffirmed a “buy” rating on shares of Sportsman’s Warehouse Holdings in a report on Monday, August 15th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $14.00 price objective on shares of Sportsman’s Warehouse Holdings in a report on Sunday, August 21st. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Sportsman’s Warehouse Holdings in a report on Friday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $14.20.

About Sportsman’s Warehouse Holdings

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

5 Day Chart for NASDAQ:SPWH

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