JPMorgan Chase & Co. Has $209,000 Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

JPMorgan Chase & Co. raised its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 5,348.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,186 shares of the company’s stock after purchasing an additional 76,751 shares during the quarter. JPMorgan Chase & Co. owned 0.21% of Sportsman’s Warehouse worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth about $33,000. Barclays PLC boosted its holdings in Sportsman’s Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after buying an additional 38,038 shares during the period. Empowered Funds LLC lifted its holdings in shares of Sportsman’s Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock worth $338,000 after acquiring an additional 6,225 shares during the last quarter. Jane Street Group LLC raised its position in Sportsman’s Warehouse by 16.6% during the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after purchasing an additional 32,073 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Sportsman’s Warehouse by 302.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 248,541 shares of the company’s stock valued at $664,000 after acquiring an additional 186,723 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

SPWH has been the subject of several analyst reports. Roth Mkm cut their price target on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price for the company in a report on Wednesday, April 2nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $3.00 price target (down from $4.00) on shares of Sportsman’s Warehouse in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $2.80.

Sportsman’s Warehouse Stock Performance

Sportsman’s Warehouse stock opened at $1.77 on Friday. Sportsman’s Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $4.44. The firm has a market cap of $67.77 million, a P/E ratio of -2.01 and a beta of 0.55. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average of $1.36 and a 200-day moving average of $1.95.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The business had revenue of $340.40 million during the quarter, compared to analysts’ expectations of $328.67 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. Sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Sportsman’s Warehouse Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.