U S Wealth Group LLC. Acquires New Position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

U S Wealth Group LLC. bought a new position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 51,800 shares of the company’s stock, valued at approximately $138,000. U S Wealth Group LLC. owned approximately 0.14% of Sportsman’s Warehouse at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. R Squared Ltd bought a new stake in Sportsman’s Warehouse during the fourth quarter valued at $33,000. Barclays PLC lifted its holdings in Sportsman’s Warehouse by 25,025.0% in the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock worth $103,000 after acquiring an additional 38,038 shares during the last quarter. XTX Topco Ltd acquired a new position in Sportsman’s Warehouse in the third quarter valued at approximately $107,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $155,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Sportsman’s Warehouse by 5,348.5% in the 4th quarter. JPMorgan Chase & Co. now owns 78,186 shares of the company’s stock worth $209,000 after purchasing an additional 76,751 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SPWH has been the topic of a number of recent research reports. Roth Mkm cut their target price 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. B. Riley reiterated a “buy” rating and issued a $3.00 price objective (down from $4.00) on shares of Sportsman’s Warehouse in a research report 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 price target on the stock in a research note 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 MarketBeat.com, Sportsman’s Warehouse has an average rating of “Moderate Buy” and an average target price of $2.80.

Sportsman’s Warehouse Stock Performance

SPWH opened at $1.33 on Monday. 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 firm has a market cap of $50.48 million, a PE ratio of -1.51 and a beta of 0.75. The business has a fifty day simple moving average of $1.49 and a 200-day simple moving average of $2.14. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $0.92 and a fifty-two week high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results 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. The business had revenue of $340.40 million during the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Sportsman’s Warehouse Company 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.