Renaissance Technologies LLC Makes New Investment in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Renaissance Technologies LLC purchased a new stake in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 320,795 shares of the company's stock, valued at approximately $857,000. Renaissance Technologies LLC owned 0.85% of Sportsman's Warehouse as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new position in Sportsman's Warehouse in the fourth quarter valued at approximately $33,000. Barclays PLC lifted its holdings in shares of Sportsman's Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock worth $103,000 after purchasing an additional 38,038 shares during the last quarter. U S Wealth Group LLC. acquired a new position in Sportsman's Warehouse during the 4th quarter valued at approximately $138,000. Dynamic Technology Lab Private Ltd acquired a new position in Sportsman's Warehouse during the 4th quarter valued at approximately $155,000. Finally, JPMorgan Chase & Co. increased its position 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 worth $209,000 after buying an additional 76,751 shares during the period. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

SPWH has been the subject of several analyst reports. Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target for the company in a report on Wednesday, April 2nd. B. Riley reissued a "buy" rating and set a $3.00 target price (down from $4.00) on shares of Sportsman's Warehouse in a research note on Wednesday, April 2nd. Finally, Roth Mkm dropped their price target on shares of 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 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $2.80.

Sportsman's Warehouse Stock Up 1.2 %

Sportsman's Warehouse stock opened at $1.69 on Friday. Sportsman's Warehouse Holdings, Inc. has a 52 week low of $0.92 and a 52 week high of $4.44. The stock has a market cap of $64.71 million, a price-to-earnings ratio of -1.92 and a beta of 0.75. The company's 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.97. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. On average, analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current fiscal year.

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.

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