Two Sigma Investments LP Invests $716,000 in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

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

Other hedge funds have also recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. acquired a new stake in shares of Sportsman's Warehouse in the 4th quarter valued at approximately $33,000. Mink Brook Asset Management LLC acquired a new position in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $41,000. Greenwood Gearhart Inc. acquired a new position in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $85,000. U S Wealth Group LLC. acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $138,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sportsman's Warehouse in the fourth quarter valued at approximately $155,000. Institutional investors own 83.04% of the company's stock.

Insiders Place Their Bets

In related news, Director Richard D. Mcbee acquired 75,000 shares of Sportsman's Warehouse stock in a transaction on Thursday, June 5th. The stock was purchased at an average cost of $2.68 per share, with a total value of $201,000.00. Following the completion of the transaction, the director now directly owns 339,886 shares in the company, valued at $910,894.48. This trade represents a 28.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.70% of the company's stock.

Sportsman's Warehouse Stock Performance

SPWH stock traded up $0.25 during midday trading on Wednesday, reaching $3.69. 1,158,360 shares of the company were exchanged, compared to its average volume of 1,025,979. 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 business has a 50-day moving average price of $1.92 and a two-hundred 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 $3.89. The firm has a market capitalization of $141.39 million, a price-to-earnings ratio of -4.19 and a beta of 0.45.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SPWH. Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective on the stock in a report on Wednesday, April 2nd. B. Riley reiterated a "buy" rating and issued a $4.00 price objective (up from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Roth Mkm lowered their price objective 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 issued a $3.00 target price (up from $2.50) on shares of Sportsman's Warehouse in a research note on Wednesday, June 4th. 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.com, Sportsman's Warehouse presently has a consensus rating of "Moderate Buy" and an average target price 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.