Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Update

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a large drop in short interest during the month of January. As of January 15th, there was short interest totalling 718,600 shares, a drop of 13.3% from the December 31st total of 828,900 shares. Based on an average daily trading volume, of 503,300 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.0% of the company’s stock are short sold.

Wall Street Analyst Weigh In

SPWH has been the subject of several research reports. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price target 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 report on Saturday, November 30th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $3.20.

Institutional Trading of Sportsman’s Warehouse

A number of hedge funds have recently made changes to their positions in SPWH. Empowered Funds LLC increased its holdings in shares of Sportsman’s Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company’s stock worth $338,000 after acquiring an additional 6,225 shares during the last quarter. R Squared Ltd acquired a new position in shares of Sportsman’s Warehouse in the fourth quarter valued at $33,000. SkyView Investment Advisors LLC raised its position in shares of Sportsman’s Warehouse by 5.3% in the third quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after purchasing an additional 9,332 shares during the period. Barclays PLC lifted its stake 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 worth $103,000 after buying an additional 38,038 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 buying an additional 10,058 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Stock Down 2.4 %

Shares of NASDAQ:SPWH traded down $0.05 during midday trading on Friday, hitting $2.04. The stock had a trading volume of 302,716 shares, compared to its average volume of 311,924. 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 business’s 50-day simple moving average is $2.31 and its 200-day simple moving average is $2.42. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $4.44. The company has a market cap of $77.43 million, a P/E ratio of -2.32 and a beta of 0.52.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, December 10th. The company reported $0.04 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Sportsman’s Warehouse will post -0.65 earnings per share 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.