Tower Research Capital LLC TRC Buys 22,874 Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)

Tower Research Capital LLC TRC raised its stake in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH – Get Rating) by 459.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 27,851 shares of the company’s stock after purchasing an additional 22,874 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sportsman’s Warehouse were worth $231,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SPWH. Great West Life Assurance Co. Can bought a new position in Sportsman’s Warehouse in the third quarter valued at $25,000. US Bancorp DE increased its position in shares of Sportsman’s Warehouse by 4,570.1% during the 3rd quarter. US Bancorp DE now owns 4,063 shares of the company’s stock valued at $34,000 after purchasing an additional 3,976 shares during the last quarter. UBS Group AG raised its holdings in shares of Sportsman’s Warehouse by 145.2% during the 2nd quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after buying an additional 2,614 shares in the last quarter. SeaCrest Wealth Management LLC bought a new stake in Sportsman’s Warehouse in the 2nd quarter worth approximately $48,000. Finally, Ancora Advisors LLC purchased a new stake in Sportsman’s Warehouse in the first quarter worth approximately $52,000.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock opened at $8.98 on Friday. The company’s 50 day moving average price is $9.49 and its 200-day moving average price is $9.24. Sportsman’s Warehouse Holdings, Inc. has a 52-week low of $7.75 and a 52-week high of $12.28. The stock has a market capitalization of $338.55 million, a price-to-earnings ratio of 4.40 and a beta of 0.91.

Sportsman’s Warehouse (NASDAQ:SPWH – Get Rating) last released its quarterly earnings data on Wednesday, December 7th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $359.72 million for the quarter, compared to analysts’ expectations of $356.19 million. Sportsman’s Warehouse had a net margin of 6.12% and a return on equity of 17.56%. As a group, equities research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post 0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Jon Barker sold 14,167 shares of the company’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $9.40, for a total transaction of $133,169.80. Following the completion of the transaction, the chief executive officer now owns 643,315 shares in the company, valued at $6,047,161. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SPWH. Robert W. Baird lifted their price target on shares of Sportsman’s Warehouse to $10.00 in a research note on Monday, December 12th. Craig Hallum lowered their price target on shares of Sportsman’s Warehouse to $13.00 in a research note on Monday, December 12th.

About Sportsman’s Warehouse

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Sportsman’s Warehouse Holdings, Inc is an outdoor specialty retailer. The firm engages in the retail of sporting and athletic goods through its wholly owned subsidiaries, Sportsman’s Warehouse, Inc and Minnesota Merchandising Corp. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear.