5 Best Gun Stocks To Buy in 2023

4. Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Number of Hedge Fund Holders: 23

Headquartered in West Jordan, Utah, Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) ranks 4th in our list of the best gun stocks to buy in 2023. Founded in 1986, Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) sells guns and ammunition in the US market as well as operates as an outdoor sporting goods retailer. It reported Q2 earnings of $0.04 per share that beat analysts’ estimates of $0.02. Net sales for the second quarter were $309.5 million.

Insider Monkey took a look at 910 hedge funds portfolios for Q2 2023 investments and found out that 23 had a stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH). The largest stakeholder was J. Carlo Cannell’s Cannell Capital which had 3.7 million stakes of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) that were valued at $21 million.