Northern Trust Corp Sells 8,314 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Northern Trust Corp lessened its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 10.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,110 shares of the company’s stock after selling 8,314 shares during the quarter. Northern Trust Corp owned 0.19% of Sportsman’s Warehouse worth $195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Portolan Capital Management LLC increased its holdings in shares of Sportsman’s Warehouse by 146.7% in 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 increased its stake in Sportsman’s Warehouse by 365.9% during the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company’s stock worth $3,214,000 after purchasing an additional 945,438 shares in the last quarter. Gamco Investors INC. ET AL increased its stake 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 acquired a new stake in Sportsman’s Warehouse during the 4th quarter worth approximately $948,000. Finally, Renaissance Technologies LLC bought a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $857,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Stock Performance

NASDAQ SPWH opened at $2.05 on Tuesday. The firm has a market capitalization of $78.49 million, a P/E ratio of -2.33 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’s fifty day moving average price is $1.68 and its two-hundred day moving average price is $1.86. Sportsman’s Warehouse Holdings, Inc. has a 1 year low of $0.92 and a 1 year high of $4.44.

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. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The company had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. As a group, research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on SPWH. B. Riley reissued a “buy” rating and set a $3.00 price objective (down previously from $4.00) on shares of Sportsman’s Warehouse 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 on the stock in a research note on Wednesday, April 2nd. Finally, Roth Mkm reduced their price target on 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. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $2.80.

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.