Barclays PLC Raises Holdings in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Barclays PLC lifted its holdings in shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) by 25,025.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,190 shares of the company’s stock after purchasing an additional 38,038 shares during the period. Barclays PLC’s holdings in Sportsman’s Warehouse were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of SPWH. American Century Companies Inc. increased its stake in shares of Sportsman’s Warehouse by 32.0% during the 2nd quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock worth $191,000 after purchasing an additional 19,237 shares in the last quarter. Point72 DIFC Ltd purchased a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $40,000. Cubist Systematic Strategies LLC purchased a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $384,000. Squarepoint Ops LLC purchased a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $199,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $146,000. 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 raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $2.00 to $4.00 in a research note on Wednesday, December 11th. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Stock Up 5.6 %

SPWH stock opened at $2.26 on Friday. The stock has a market capitalization of $85.79 million, a P/E ratio of -2.57 and a beta of 0.52. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman’s Warehouse Holdings, Inc. has a one year low of $1.81 and a one year high of $4.44. The company has a 50 day moving average price of $2.32 and a two-hundred day moving average price of $2.43.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.09. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

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.