Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Position Boosted by Portolan Capital Management LLC

Portolan Capital Management LLC boosted its position in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Free Report) by 146.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,334,248 shares of the company's stock after purchasing an additional 1,387,935 shares during the period. Portolan Capital Management LLC owned about 6.15% of Sportsman's Warehouse worth $6,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SPWH. Jane Street Group LLC increased its holdings in shares of Sportsman's Warehouse by 16.6% in the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company's stock valued at $611,000 after purchasing an additional 32,073 shares in the last quarter. XTX Topco Ltd purchased a new position in Sportsman's Warehouse in the third quarter valued at about $107,000. Barclays PLC lifted its position in shares of Sportsman's Warehouse by 25,025.0% during the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock valued at $103,000 after acquiring an additional 38,038 shares during the period. Geode Capital Management LLC boosted its stake in shares of Sportsman's Warehouse by 2.4% during the 3rd 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 in the last quarter. Finally, SkyView Investment Advisors LLC grew its holdings in shares of Sportsman's Warehouse by 5.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company's stock worth $500,000 after acquiring an additional 9,332 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Sportsman's Warehouse Stock Down 1.3 %

NASDAQ SPWH traded down $0.02 during trading hours on Friday, reaching $1.54. 853,120 shares of the company traded hands, compared to its average volume of 993,897. The company has a 50 day moving average of $1.38 and a two-hundred day moving average of $2.04. The stock has a market capitalization of $58.70 million, a PE ratio of -1.75 and a beta of 0.75. Sportsman's Warehouse Holdings, Inc. has a 12 month low of $0.92 and a 12 month high of $4.44. 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 released its earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, topping 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 company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. As a group, equities analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. B. Riley restated a "buy" rating and set a $3.00 price objective (down from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. Roth Mkm decreased their price objective on 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. Finally, Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 target price on the stock in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2.80.

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.