Maverick Capital Ltd. Takes $4.07 Million Position in Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH)

Maverick Capital Ltd. purchased a new position in Sportsman’s Warehouse Holdings Inc (NASDAQ:SPWH) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 660,715 shares of the company’s stock, valued at approximately $4,070,000. Maverick Capital Ltd. owned approximately 1.53% of Sportsman’s Warehouse at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPWH. California Public Employees Retirement System purchased a new position in Sportsman’s Warehouse in the 4th quarter worth approximately $337,000. State Street Corp raised its holdings in shares of Sportsman’s Warehouse by 8.4% during the 4th quarter. State Street Corp now owns 744,866 shares of the company’s stock worth $5,981,000 after acquiring an additional 57,502 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $999,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Sportsman’s Warehouse by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 254,749 shares of the company’s stock worth $2,046,000 after acquiring an additional 19,465 shares in the last quarter. Finally, FMR LLC purchased a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $7,046,000. 95.49% of the stock is currently owned by institutional investors.

In other news, Director Kent Vernon Graham sold 10,000 shares of the stock in a transaction on Monday, April 6th. The stock was sold at an average price of $5.85, for a total transaction of $58,500.00. Following the transaction, the director now owns 63,005 shares of the company’s stock, valued at approximately $368,579.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gregory P. Hickey sold 25,114 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $12.41, for a total value of $311,664.74. Following the transaction, the director now directly owns 54,177 shares in the company, valued at approximately $672,336.57. The disclosure for this sale can be found here. Corporate insiders own 2.14% of the company’s stock.

Sportsman’s Warehouse stock traded down $0.29 during mid-day trading on Wednesday, hitting $13.15. The company’s stock had a trading volume of 10,300 shares, compared to its average volume of 1,253,966. The company has a 50 day moving average of $10.42 and a 200-day moving average of $7.61. The stock has a market cap of $586.64 million, a PE ratio of 24.00 and a beta of 0.68. The company has a debt-to-equity ratio of 2.15, a quick ratio of 0.13 and a current ratio of 1.09. Sportsman’s Warehouse Holdings Inc has a one year low of $3.50 and a one year high of $14.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Thursday, June 4th. The company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.07. The company had revenue of $246.84 million for the quarter, compared to the consensus estimate of $224.71 million. Sportsman’s Warehouse had a return on equity of 25.53% and a net margin of 2.56%. Sportsman’s Warehouse’s quarterly revenue was up 41.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.12) EPS. On average, equities research analysts forecast that Sportsman’s Warehouse Holdings Inc will post 0.77 EPS for the current fiscal year.

Several analysts have recently issued reports on the company. Lake Street Capital upped their price objective on Sportsman’s Warehouse from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Piper Sandler upped their price objective on Sportsman’s Warehouse from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Tuesday. Zacks Investment Research raised Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a report on Saturday, June 6th. BidaskClub downgraded Sportsman’s Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Finally, Craig Hallum boosted their target price on Sportsman’s Warehouse from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Sportsman’s Warehouse currently has an average rating of “Buy” and an average target price of $12.31.

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 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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