Millennium Management LLC Reduces Stock Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Millennium Management LLC lowered its stake in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 32.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 433,217 shares of the company's stock after selling 207,837 shares during the quarter. Millennium Management LLC owned 1.14% of Sportsman's Warehouse worth $1,157,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in Sportsman's Warehouse during the fourth quarter worth about $857,000. Portolan Capital Management LLC raised its holdings in shares of Sportsman's Warehouse by 146.7% during the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after buying an additional 1,387,935 shares in the last quarter. Empowered Funds LLC raised 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 valued at $338,000 after buying an additional 6,225 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Sportsman's Warehouse in the 4th quarter worth approximately $806,000. Finally, Walleye Capital LLC purchased a new stake in Sportsman's Warehouse in the fourth quarter worth approximately $948,000. 83.04% of the stock is owned by institutional investors.

Insider Transactions at Sportsman's Warehouse

In other Sportsman's Warehouse news, Director Richard D. Mcbee acquired 75,000 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average cost of $2.68 per share, with a total value of $201,000.00. Following the transaction, the director now owns 339,886 shares of the company's stock, valued at $910,894.48. The trade was a 28.31% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by insiders.

Sportsman's Warehouse Trading Up 14.8%

Sportsman's Warehouse stock traded up $0.39 during mid-day trading on Friday, reaching $3.02. 3,178,930 shares of the company traded hands, compared to its average volume of 1,010,326. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman's Warehouse Holdings, Inc. has a 52-week low of $0.92 and a 52-week high of $3.45. The firm has a market capitalization of $115.63 million, a price-to-earnings ratio of -3.43 and a beta of 0.55. The firm's 50 day moving average price is $1.77 and its 200 day moving average price is $1.87.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.48) by $0.07. 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 $249.10 million during the quarter, compared to the consensus estimate of $238.25 million. During the same quarter in the prior year, the company earned ($0.47) earnings per share. On average, analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on SPWH. B. Riley reissued a "buy" rating and issued a $4.00 price target (up from $3.00) on shares of Sportsman's Warehouse in a research note on Wednesday. Craig Hallum upgraded 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 target price on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a report on Wednesday, April 2nd. Finally, Roth Capital reissued a "buy" rating and set a $3.00 price target (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $3.00.

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.