Lombard Odier Asset Management USA Corp Buys New Holdings in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Lombard Odier Asset Management USA Corp acquired a new position in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) during the first quarter, HoldingsChannel reports. The firm acquired 75,000 shares of the company’s stock, valued at approximately $1,293,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPWH. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Sportsman’s Warehouse during the 4th quarter worth $98,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Sportsman’s Warehouse during the fourth quarter worth approximately $176,000. UBS Asset Management Americas Inc. acquired a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $209,000. Wolverine Asset Management LLC boosted its position in shares of Sportsman’s Warehouse by 644.9% in the first quarter. Wolverine Asset Management LLC now owns 12,663 shares of the company’s stock valued at $218,000 after acquiring an additional 10,963 shares during the period. Finally, Alps Advisors Inc. raised its position in shares of Sportsman’s Warehouse by 5.2% during the first quarter. Alps Advisors Inc. now owns 19,641 shares of the company’s stock valued at $339,000 after buying an additional 977 shares during the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Shares of NASDAQ SPWH traded down $0.03 during midday trading on Thursday, hitting $17.78. The stock had a trading volume of 2,477 shares, compared to its average volume of 473,757. The stock has a 50-day simple moving average of $17.77. The stock has a market cap of $779.30 million, a price-to-earnings ratio of 7.08 and a beta of 1.10. Sportsman’s Warehouse Holdings, Inc. has a fifty-two week low of $11.29 and a fifty-two week high of $18.46.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 1st. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.37. Sportsman’s Warehouse had a net margin of 6.72% and a return on equity of 60.44%. The business had revenue of $326.99 million for the quarter, compared to analyst estimates of $238.19 million. During the same period last year, the business posted $0.01 earnings per share. The firm’s quarterly revenue was up 32.5% on a year-over-year basis. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post 2.24 earnings per share for the current year.

A number of analysts have commented on SPWH shares. Zacks Investment Research upgraded Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research report on Tuesday, June 8th. Piper Sandler lowered Sportsman’s Warehouse from an “overweight” rating to a “neutral” rating and set a $18.00 target price for the company. in a research note on Thursday, June 3rd. Four research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $20.30.

Sportsman’s Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

Featured Article: Bear Market – How and Why They Occur

Want to see what other hedge funds are holding SPWH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH).

Institutional Ownership by Quarter for Sportsman`s Warehouse (NASDAQ:SPWH)

Receive News & Ratings for Sportsman's Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sportsman's Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.