Raymond James Financial Inc. Takes $806,000 Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Raymond James Financial Inc. acquired a new stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 302,047 shares of the company's stock, valued at approximately $806,000. Raymond James Financial Inc. owned 0.80% of Sportsman's Warehouse as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Renaissance Technologies LLC bought a new position in Sportsman's Warehouse during the 4th quarter worth $857,000. U S Wealth Group LLC. bought a new position in Sportsman's Warehouse in the fourth quarter valued at about $138,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Sportsman's Warehouse during the fourth quarter worth $155,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Sportsman's Warehouse by 84.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 313,726 shares of the company's stock worth $838,000 after acquiring an additional 143,924 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Sportsman's Warehouse by 5,348.5% in the fourth quarter. JPMorgan Chase & Co. now owns 78,186 shares of the company's stock valued at $209,000 after buying an additional 76,751 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Sportsman's Warehouse Stock Down 0.6 %

Shares of NASDAQ SPWH opened at $1.68 on Wednesday. Sportsman's Warehouse Holdings, Inc. has a 12 month low of $0.92 and a 12 month high of $4.44. The firm has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.94. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $64.32 million, a PE ratio of -1.91 and a beta of 0.55.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.12. The firm had revenue of $340.40 million during 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%. Equities analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Analysts Set New Price Targets

SPWH has been the topic of a number of recent research reports. B. Riley reiterated a "buy" rating and issued a $3.00 target price (down from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Craig Hallum raised Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a 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 report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, 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.

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