Two Sigma Investments LP Buys New Shares in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Two Sigma Investments LP purchased a new stake in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 268,175 shares of the company's stock, valued at approximately $716,000. Two Sigma Investments LP owned 0.71% of Sportsman's Warehouse as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Portolan Capital Management LLC boosted its position in 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 during the period. Marshall Wace LLP boosted its stake in shares of Sportsman's Warehouse by 365.9% during the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after purchasing an additional 945,438 shares in the last quarter. Gamco Investors INC. ET AL boosted its stake in shares of Sportsman's Warehouse by 1.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock valued at $1,482,000 after purchasing an additional 6,972 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in shares of Sportsman's Warehouse by 79.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 545,398 shares of the company's stock valued at $1,456,000 after purchasing an additional 242,222 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Sportsman's Warehouse during the 4th quarter valued at about $948,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Stock Up 14.8%

NASDAQ:SPWH opened at $3.02 on Friday. The firm has a market cap of $115.72 million, a P/E ratio of -3.43 and a beta of 0.45. 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 fifty-two week low of $0.92 and a fifty-two week high of $3.37. The firm has a 50-day simple moving average of $1.81 and a two-hundred day simple moving average of $1.87.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, beating analysts' consensus estimates of ($0.48) by $0.07. The business had revenue of $249.10 million during the quarter, compared to analyst estimates of $238.25 million. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. During the same period last year, the business earned ($0.47) EPS. Analysts predict that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.

Insider Transactions at Sportsman's Warehouse

In related news, Director Richard D. Mcbee purchased 75,000 shares of Sportsman's Warehouse stock in a transaction dated Thursday, June 5th. The stock was purchased at an average cost of $2.68 per share, for a total transaction of $201,000.00. Following the completion of the purchase, the director now directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in 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. Roth Mkm lowered their price target on shares of Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report 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. Finally, Roth Capital reissued a "buy" rating and set a $3.00 price target (up from $2.50) on shares of Sportsman's Warehouse in a research report on Wednesday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Sportsman's Warehouse currently has an average rating of "Moderate Buy" and a consensus target price of $3.00.

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.

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