Walleye Capital LLC Takes $948,000 Position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH)

Walleye Capital LLC purchased a new position in shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 354,923 shares of the company's stock, valued at approximately $948,000. Walleye Capital LLC owned approximately 0.93% of Sportsman's Warehouse at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SPWH. Geode Capital Management LLC lifted its holdings in Sportsman's Warehouse by 2.4% during the third quarter. Geode Capital Management LLC now owns 434,022 shares of the company's stock worth $1,176,000 after acquiring an additional 10,058 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Sportsman's Warehouse during the 4th quarter worth $857,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Sportsman's Warehouse by 84.8% during the 4th 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. Raymond James Financial Inc. bought a new position in Sportsman's Warehouse during the fourth quarter valued at about $806,000. Finally, American Century Companies Inc. increased its holdings in Sportsman's Warehouse by 88.7% during the fourth quarter. American Century Companies Inc. now owns 270,130 shares of the company's stock worth $721,000 after buying an additional 126,995 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SPWH shares. 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 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 dropped 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sportsman's Warehouse currently has a consensus rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Price Performance

Shares of SPWH stock traded up $0.01 on Friday, reaching $1.62. The company's stock had a trading volume of 138,623 shares, compared to its average volume of 990,445. Sportsman's Warehouse Holdings, Inc. has a 12-month low of $0.92 and a 12-month high of $4.44. The stock's 50 day simple moving average is $1.37 and its 200-day simple moving average is $2.01. 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 company has a market capitalization of $61.83 million, a P/E ratio of -1.83 and a beta of 0.75.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.12. The firm had revenue of $340.40 million during the quarter, compared to the consensus estimate 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, equities analysts predict that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share 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.