Renaissance Technologies LLC Takes $857,000 Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Renaissance Technologies LLC 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 Securities and Exchange Commission (SEC). The firm purchased 320,795 shares of the company's stock, valued at approximately $857,000. Renaissance Technologies LLC owned approximately 0.85% of Sportsman's Warehouse as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in SPWH. U S Wealth Group LLC. bought a new position in shares of Sportsman's Warehouse in the 4th quarter worth approximately $138,000. Dynamic Technology Lab Private Ltd purchased a new position in Sportsman's Warehouse during the fourth quarter valued at approximately $155,000. Arrowstreet Capital Limited Partnership boosted its position 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 purchasing an additional 143,924 shares during the period. JPMorgan Chase & Co. increased its stake in shares of 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 purchasing an additional 76,751 shares in the last quarter. Finally, American Century Companies Inc. raised its position in shares of Sportsman's Warehouse by 88.7% during the 4th quarter. American Century Companies Inc. now owns 270,130 shares of the company's stock valued at $721,000 after purchasing an additional 126,995 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman's Warehouse Stock Up 2.4 %

Shares of SPWH traded up $0.04 during mid-day trading on Wednesday, hitting $1.72. 297,920 shares of the company traded hands, compared to its average volume of 988,941. The company has a market capitalization of $65.85 million, a PE ratio of -1.95 and a beta of 0.55. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The business has a 50 day moving average of $1.37 and a 200 day moving average of $1.94. Sportsman's Warehouse Holdings, Inc. has a 1-year low of $0.92 and a 1-year high of $4.44.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. B. Riley reissued a "buy" rating and set a $3.00 price target (down from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Roth Mkm lowered their price target on 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, Craig Hallum raised shares of 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. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2.80.

About Sportsman's Warehouse

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.