Pacific Grove Capital Lp buys $15,872,932 stake in Sportsman's Warehouse Holdings Inc (SPWH)

Sportsman's Warehouse Holdings Inc (SPWH) : Pacific Grove Capital Lp scooped up 1,084,847 additional shares in Sportsman's Warehouse Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 1,479,304 shares of Sportsman's Warehouse Holdings Inc which is valued at $15,872,932.Sportsman's Warehouse Holdings Inc makes up approximately 7.18% of Pacific Grove Capital Lp’s portfolio.

Other Hedge Funds, Including , Millrace Asset Group sold out all of its stake in SPWH during the most recent quarter. The investment firm sold 67,458 shares of SPWH which is valued $723,824.Geode Capital Management boosted its stake in SPWH in the latest quarter, The investment management firm added 57,506 additional shares and now holds a total of 219,081 shares of Sportsman's Warehouse Holdings Inc which is valued at $2,350,739. Marshall Wace Llp added SPWH to its portfolio by purchasing 316,581 company shares during the most recent quarter which is valued at $3,396,914. Sportsman's Warehouse Holdings Inc makes up approx 0.03% of Marshall Wace Llp’s portfolio.Hodges Capital Management boosted its stake in SPWH in the latest quarter, The investment management firm added 25,300 additional shares and now holds a total of 155,800 shares of Sportsman's Warehouse Holdings Inc which is valued at $1,671,734. Sportsman's Warehouse Holdings Inc makes up approx 0.08% of Hodges Capital Management’s portfolio.Blackrock Investment Management boosted its stake in SPWH in the latest quarter, The investment management firm added 34,234 additional shares and now holds a total of 102,451 shares of Sportsman's Warehouse Holdings Inc which is valued at $1,099,299.

Sportsman's Warehouse Holdings Inc opened for trading at $10.23 and hit $10.498 on the upside on Thursday, eventually ending the session at $10.48, with a gain of 2.24% or 0.23 points. The heightened volatility saw the trading volume jump to 3,63,845 shares. Company has a market cap of $443 M.

On the company’s financial health, Sportsman's Warehouse Holdings Inc reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $0.16. The company had revenue of $189.80 million for the quarter, compared to analysts expectations of $182.89 million. The company’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Sportsman's Warehouse Holdings Inc. Shares were Reiterated by MKM Partners on May 23, 2016 to “Buy” and Lowered the Price Target to $ 13 from a previous price target of $15 .

Sportsman’s Warehouse Holdings Inc. (Sportsman’s Warehouse) is an outdoor sporting goods retailer. The Company has around 56 stores across 18 states of the United States. Its stores are organized into seven departments including camping which offer backpacks camp essentials canoes and kayaks coolers and outdoor cooking equipment; clothing which offer camouflage outerwear sportswear and work wear; fishing which offer bait electronics fishing rods fly fishing and small boats; footwear which offers boots shoes socks sport sandals technical footwear and waders; hunting and shooting which offers ammunition archery items blinds and tree stands decoys and shooting gear; optics electronics and accessories which offer gift items global positioning system devices knives lighting optics and two-way radios and other which offer hunting and fishing licenses background checks and other services.

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