Brandywine Global Investment Management LLC Acquires 141,400 Shares of Sportsman’s Warehouse Holdings, Inc. (SPWH)

Brandywine Global Investment Management LLC raised its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 156.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 231,800 shares of the company’s stock after purchasing an additional 141,400 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.56% of Sportsman’s Warehouse Holdings worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SPWH. Boston Private Wealth LLC purchased a new stake in Sportsman’s Warehouse Holdings during the second quarter valued at about $6,750,000. Dimensional Fund Advisors LP lifted its holdings in Sportsman’s Warehouse Holdings by 55.7% during the second quarter. Dimensional Fund Advisors LP now owns 965,506 shares of the company’s stock valued at $5,214,000 after purchasing an additional 345,564 shares during the last quarter. Goodnow Investment Group LLC lifted its holdings in Sportsman’s Warehouse Holdings by 125.3% during the second quarter. Goodnow Investment Group LLC now owns 488,812 shares of the company’s stock valued at $2,640,000 after purchasing an additional 271,840 shares during the last quarter. Boston Partners lifted its holdings in Sportsman’s Warehouse Holdings by 7.1% during the second quarter. Boston Partners now owns 2,567,567 shares of the company’s stock valued at $13,865,000 after purchasing an additional 169,176 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC lifted its holdings in Sportsman’s Warehouse Holdings by 14.7% during the first quarter. Grandeur Peak Global Advisors LLC now owns 1,322,235 shares of the company’s stock valued at $6,320,000 after purchasing an additional 169,150 shares during the last quarter. 88.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) opened at 4.35 on Tuesday. The company has a market capitalization of $181.39 million, a PE ratio of 7.97 and a beta of -0.80. Sportsman’s Warehouse Holdings, Inc. has a 12 month low of $3.40 and a 12 month high of $10.81. The stock’s 50 day moving average price is $4.31 and its 200 day moving average price is $4.72.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last posted its quarterly earnings data on Thursday, August 17th. The company reported $0.15 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Sportsman’s Warehouse Holdings had a return on equity of 90.52% and a net margin of 2.94%. The firm had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $191.28 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post $0.63 EPS for the current year.

In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson purchased 10,000 shares of the stock in a transaction that occurred on Thursday, July 13th. The shares were bought at an average cost of $5.00 per share, with a total value of $50,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jon Barker purchased 14,000 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was acquired at an average cost of $4.13 per share, for a total transaction of $57,820.00. The disclosure for this purchase can be found here. 4.15% of the stock is owned by insiders.

Several equities research analysts have commented on the stock. ValuEngine downgraded shares of Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Forward View set a $4.00 price target on Sportsman’s Warehouse Holdings and gave the company a “hold” rating in a research report on Saturday, August 26th. MKM Partners reiterated a “buy” rating and set a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Wednesday, August 16th. Ifs Securities reiterated a “market perform” rating and set a $5.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Friday, September 15th. Finally, DA Davidson reiterated a “buy” rating and set a $8.00 price target on shares of Sportsman’s Warehouse Holdings in a research report on Tuesday, August 15th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.81.

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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.

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

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