JB Capital Partners LP Purchases New Position in Sportsman’s Warehouse Holdings, Inc. $SPWH

JB Capital Partners LP acquired a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,710,794 shares of the company’s stock, valued at approximately $2,275,356,000. JB Capital Partners LP owned approximately 4.38% of Sportsman’s Warehouse at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of SPWH. Goldman Sachs Group Inc. boosted its holdings in shares of Sportsman’s Warehouse by 30.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock valued at $317,000 after buying an additional 74,601 shares in the last quarter. Acadian Asset Management LLC raised its stake in Sportsman’s Warehouse by 217.1% during the 1st quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock worth $214,000 after acquiring an additional 148,296 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Sportsman’s Warehouse by 123.4% in the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after acquiring an additional 411,295 shares during the last quarter. Prudential Financial Inc. purchased a new stake in Sportsman’s Warehouse in the second quarter valued at $56,000. Finally, XTX Topco Ltd acquired a new position in Sportsman’s Warehouse in the second quarter valued at $189,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Down 1.7%

SPWH stock opened at $1.15 on Friday. The company has a fifty day moving average price of $1.22 and a 200 day moving average price of $1.30. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $1.08 and a 12 month high of $3.55. The company has a market cap of $44.87 million, a price-to-earnings ratio of -0.88 and a beta of 0.42. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.07.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.19. The company had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. During the same period last year, the firm posted ($0.56) EPS. Sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.34 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPWH. Weiss Ratings lowered Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday. Zacks Research downgraded Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $2.58.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.