Balyasny Asset Management L.P. Takes Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Balyasny Asset Management L.P. acquired a new position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,272 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SPWH. Portolan Capital Management LLC lifted its position in shares of Sportsman’s Warehouse by 146.7% during the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock worth $6,232,000 after acquiring an additional 1,387,935 shares in the last quarter. Marshall Wace LLP raised its stake in shares of Sportsman’s Warehouse by 365.9% during the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company’s stock valued at $3,214,000 after purchasing an additional 945,438 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Sportsman’s Warehouse by 1.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock worth $1,482,000 after purchasing an additional 6,972 shares in the last quarter. Walleye Capital LLC bought a new position in Sportsman’s Warehouse in the 4th quarter worth about $948,000. Finally, Renaissance Technologies LLC purchased a new position in Sportsman’s Warehouse during the 4th quarter valued at about $857,000. 83.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SPWH has been the subject of a number of analyst reports. Craig Hallum upgraded shares of Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price objective for the company in a research report on Wednesday, April 2nd. 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 report on Wednesday, April 2nd. Finally, B. Riley restated a “buy” rating and set a $3.00 price target (down from $4.00) on shares of Sportsman’s Warehouse in a research report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sportsman’s Warehouse presently has an average rating of “Moderate Buy” and an average target price of $2.80.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $2.02 on Tuesday. The company’s fifty day moving average price is $1.49 and its 200-day moving average price is $1.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The firm has a market capitalization of $77.34 million, a price-to-earnings ratio of -2.30 and a beta of 0.55. Sportsman’s Warehouse Holdings, Inc. has a one year low of $0.92 and a one year high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The business had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. On average, equities research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Sportsman’s Warehouse Company 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.