Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. raised its holdings in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 79.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 545,398 shares of the company's stock after purchasing an additional 242,222 shares during the period. D. E. Shaw & Co. Inc. owned about 1.44% of Sportsman's Warehouse worth $1,456,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SPWH. Empowered Funds LLC raised its holdings in Sportsman's Warehouse by 5.2% in the fourth 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 in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Sportsman's Warehouse by 1.3% in the 4th 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 last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at about $33,000. R Squared Ltd acquired a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at about $33,000. Finally, XTX Topco Ltd lifted its position in shares of 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 last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPWH. Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective on the stock in a research note on Wednesday, April 2nd. B. Riley reissued a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. Finally, Roth Mkm decreased 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 report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $2.80.

Sportsman's Warehouse Stock Performance

Shares of SPWH stock opened at $2.12 on Friday. The company has a market cap of $81.17 million, a P/E ratio of -2.41 and a beta of 0.55. The business has a 50 day moving average of $1.55 and a two-hundred 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. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. 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 $340.40 million during the quarter, compared to analyst estimates of $328.67 million. As a group, analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Sportsman's Warehouse Company 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.

Want to see what other hedge funds are holding SPWH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.