Soviero Asset Management LP Acquires Shares of 250,000 Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Soviero Asset Management LP purchased a new position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 250,000 shares of the company's stock, valued at approximately $668,000. Soviero Asset Management LP owned 0.66% of Sportsman's Warehouse as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SPWH. R Squared Ltd acquired a new position in Sportsman's Warehouse during the 4th quarter worth approximately $33,000. Balyasny Asset Management L.P. bought a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $33,000. Mink Brook Asset Management LLC bought a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $41,000. Greenwood Gearhart Inc. bought a new stake in Sportsman's Warehouse during the 4th quarter worth approximately $85,000. Finally, Barclays PLC increased its holdings in Sportsman's Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after purchasing an additional 38,038 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on SPWH. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Wednesday, April 2nd. Roth Mkm decreased their price objective on 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 reissued a "buy" rating and set a $3.00 price objective (down from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $2.80.

Sportsman's Warehouse Stock Performance

Shares of SPWH stock traded up $0.16 during trading on Thursday, hitting $2.12. The company's stock had a trading volume of 482,633 shares, compared to its average volume of 992,704. The company has a market cap of $81.17 million, a PE ratio of -2.41 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 business has a fifty day moving average of $1.55 and a 200-day moving average of $1.89. Sportsman's Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.44.

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

About Sportsman's Warehouse

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.