Bank of America Corp DE lifted its holdings in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 134.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,347 shares of the company's stock after purchasing an additional 92,469 shares during the period. Bank of America Corp DE owned about 0.43% of Sportsman's Warehouse worth $431,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the stock. Empowered Funds LLC increased its stake in Sportsman's Warehouse by 5.2% during the fourth quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock worth $338,000 after acquiring an additional 6,225 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of 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 worth $1,482,000 after buying an additional 6,972 shares during the last quarter. XTX Topco Ltd raised its stake in shares of Sportsman's Warehouse by 71.5% in the 4th quarter. XTX Topco Ltd now owns 67,680 shares of the company's stock valued at $181,000 after purchasing an additional 28,206 shares in the last quarter. Greenwood Gearhart Inc. bought a new position in Sportsman's Warehouse during the 4th quarter worth approximately $85,000. Finally, U S Wealth Group LLC. acquired a new position in Sportsman's Warehouse in the fourth quarter worth $138,000. 83.04% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have commented on the stock. Craig Hallum raised shares of 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. B. Riley reissued a "buy" rating and set a $4.00 price target (up from $3.00) on shares of Sportsman's Warehouse in a research report on Wednesday, June 4th. Roth Capital reissued a "buy" rating and set a $3.00 target price (up previously from $2.50) on shares of Sportsman's Warehouse in a research note on Wednesday, June 4th. Finally, Roth Mkm cut their price target 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $3.00.
Read Our Latest Stock Report on Sportsman's Warehouse
Sportsman's Warehouse Stock Performance
SPWH traded up $0.42 during trading on Thursday, hitting $4.11. The stock had a trading volume of 2,785,266 shares, compared to its average volume of 1,033,006. The company has a 50 day moving average price of $1.92 and a 200-day moving average price of $1.90. Sportsman's Warehouse Holdings, Inc. has a one year low of $0.92 and a one year high of $4.16. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The firm has a market cap of $157.49 million, a price-to-earnings ratio of -4.67 and a beta of 0.45.
Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) EPS for the quarter, beating 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 firm had revenue of $249.10 million for the quarter, compared to analyst estimates of $238.25 million. During the same period last year, the firm posted ($0.47) earnings per share. As a group, research analysts predict that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.
Insider Transactions at Sportsman's Warehouse
In related news, Director Richard D. Mcbee bought 75,000 shares of Sportsman's Warehouse stock in a transaction on Thursday, June 5th. The stock was acquired at an average price of $2.68 per share, with a total value of $201,000.00. Following the acquisition, the director now directly owns 339,886 shares of the company's stock, valued at $910,894.48. This represents a 28.31% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.70% of the company's stock.
Sportsman's Warehouse Profile
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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.
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