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Bank of America Corp DE Acquires 92,469 Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Sportsman's Warehouse logo with Retail/Wholesale background

Bank of America Corp DE raised its stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 134.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,347 shares of the company's stock after buying an additional 92,469 shares during the quarter. Bank of America Corp DE owned 0.43% of Sportsman's Warehouse worth $431,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Ancora Advisors LLC lifted its stake in Sportsman's Warehouse by 292.9% in the fourth quarter. Ancora Advisors LLC now owns 225,914 shares of the company's stock valued at $603,000 after buying an additional 168,414 shares during the period. Greenwood Gearhart Inc. acquired a new stake in shares of Sportsman's Warehouse during the fourth quarter worth about $85,000. Marshall Wace LLP raised its position in shares of Sportsman's Warehouse by 365.9% during the fourth 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 during the period. Gamco Investors INC. ET AL raised its position in shares of Sportsman's Warehouse by 1.3% during the fourth 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 during the period. Finally, Portolan Capital Management LLC raised 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 purchasing an additional 1,387,935 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee bought 75,000 shares of the stock in a transaction dated Thursday, June 5th. The stock was bought at an average price of $2.68 per share, with a total value of $201,000.00. Following the purchase, the director now owns 339,886 shares in the company, valued at approximately $910,894.48. The trade was a 28.31% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.70% of the company's stock.

Sportsman's Warehouse Trading Up 1.2%

Shares of SPWH stock traded up $0.05 on Friday, hitting $4.16. The company had a trading volume of 1,535,626 shares, compared to its average volume of 1,040,659. The firm has a market cap of $159.40 million, a P/E ratio of -4.73 and a beta of 0.45. The stock's 50-day moving average is $2.03 and its two-hundred day moving average is $1.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman's Warehouse Holdings, Inc. has a twelve month low of $0.92 and a twelve month high of $4.19.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.48) by $0.07. The business had revenue of $249.10 million during the quarter, compared to analysts' expectations 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 quarter last year, the firm posted ($0.47) earnings per share. On average, equities research analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SPWH shares. Roth Capital reissued a "buy" rating and issued a $3.00 target price (up previously from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. B. Riley reissued a "buy" rating and issued a $4.00 target price (up previously from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Roth Mkm dropped their target price on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a research report on Wednesday, April 2nd. Finally, Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $3.00.

View Our Latest Report on SPWH

Sportsman's Warehouse Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Sportsman's Warehouse (NASDAQ:SPWH)

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