Two Sigma Advisers LP Makes New $501,000 Investment in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Two Sigma Advisers LP bought a new position in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 187,800 shares of the company’s stock, valued at approximately $501,000. Two Sigma Advisers LP owned 0.49% of Sportsman’s Warehouse at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Empowered Funds LLC increased its stake 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 valued at $338,000 after acquiring an additional 6,225 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Sportsman’s Warehouse by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock valued at $1,482,000 after purchasing an additional 6,972 shares during the period. Balyasny Asset Management L.P. acquired a new position in Sportsman’s Warehouse during the fourth quarter worth approximately $33,000. Mink Brook Asset Management LLC acquired a new position in Sportsman’s Warehouse during the fourth quarter worth approximately $41,000. Finally, XTX Topco Ltd raised its stake in Sportsman’s Warehouse by 71.5% during the fourth quarter. XTX Topco Ltd now owns 67,680 shares of the company’s stock worth $181,000 after purchasing an additional 28,206 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Roth Mkm lowered their price objective on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research note on Wednesday, April 2nd. Craig Hallum raised Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 price target for the company in a research report on Wednesday, April 2nd. Roth Capital reaffirmed a “buy” rating and issued a $3.00 price objective (up from $2.50) on shares of Sportsman’s Warehouse in a research note on Wednesday. Finally, B. Riley reiterated a “buy” rating and set a $4.00 target price (up previously from $3.00) on shares of Sportsman’s Warehouse in a report on Wednesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $3.00.

Sportsman’s Warehouse Stock Up 11.2%

Shares of NASDAQ SPWH opened at $2.58 on Thursday. The stock has a fifty day moving average price of $1.74 and a 200 day moving average price of $1.87. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. Sportsman’s Warehouse Holdings, Inc. has a 12-month low of $0.92 and a 12-month high of $3.45. The company has a market cap of $98.78 million, a P/E ratio of -2.93 and a beta of 0.55.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.48) by $0.07. The business had revenue of $249.10 million for the quarter, compared to the consensus estimate of $238.25 million. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. During the same period last year, the business posted ($0.47) EPS. Research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal 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.