Raymond James Financial Inc. Purchases Shares of 302,047 Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Raymond James Financial Inc. bought a new stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 302,047 shares of the company's stock, valued at approximately $806,000. Raymond James Financial Inc. owned about 0.80% of Sportsman's Warehouse as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Sportsman's Warehouse in the 4th quarter valued at approximately $33,000. Barclays PLC increased its position in shares of Sportsman's Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company's stock valued at $103,000 after purchasing an additional 38,038 shares during the period. U S Wealth Group LLC. bought a new stake in shares of Sportsman's Warehouse during the fourth quarter valued at approximately $138,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sportsman's Warehouse during the fourth quarter valued at approximately $155,000. Finally, JPMorgan Chase & Co. increased its position in shares of Sportsman's Warehouse by 5,348.5% during the fourth quarter. JPMorgan Chase & Co. now owns 78,186 shares of the company's stock valued at $209,000 after purchasing an additional 76,751 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Sportsman's Warehouse Price Performance

Shares of SPWH stock traded up $0.12 during trading hours on Monday, hitting $1.91. 184,741 shares of the company's stock were exchanged, compared to its average volume of 987,967. The stock's 50-day moving average is $1.40 and its 200-day moving average is $1.92. 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 stock has a market cap of $73.13 million, a price-to-earnings ratio of -2.17 and a beta of 0.55. Sportsman's Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.44.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.12. The company had revenue of $340.40 million for the quarter, compared to analysts' expectations of $328.67 million. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, research analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Analyst Ratings Changes

SPWH has been the topic of a number of research reports. B. Riley restated a "buy" rating and set a $3.00 price objective (down from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. 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 report on Wednesday, April 2nd. Finally, Roth Mkm decreased their price target on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating on the stock in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Sportsman's Warehouse currently has an average rating of "Moderate Buy" and an average price target of $2.80.

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.