Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Decreases By 36.5%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 432,600 shares, a decline of 36.5% from the February 13th total of 681,300 shares. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 620,700 shares, the short-interest ratio is currently 0.7 days.

Analysts Set New Price Targets

Several brokerages have commented on SPWH. B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and lifted their price target for the company from $2.00 to $4.00 in a report on Wednesday, December 11th. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. OneDigital Investment Advisors LLC lifted its position in shares of Sportsman’s Warehouse by 3.9% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock valued at $357,000 after acquiring an additional 4,909 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of Sportsman’s Warehouse by 5.3% during the third quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock valued at $326,000 after purchasing an additional 6,030 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Sportsman’s Warehouse by 1.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock valued at $1,482,000 after purchasing an additional 6,972 shares during the period. SkyView Investment Advisors LLC increased its stake in 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 purchasing an additional 9,332 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in 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 Price Performance

Shares of Sportsman’s Warehouse stock traded up $0.06 during trading on Friday, hitting $1.11. The stock had a trading volume of 849,339 shares, compared to its average volume of 518,980. The business has a fifty day moving average of $1.82 and a two-hundred day moving average of $2.28. The firm has a market cap of $42.13 million, a P/E ratio of -1.26 and a beta of 0.53. Sportsman’s Warehouse has a fifty-two week low of $1.03 and a fifty-two week high of $4.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings data on Tuesday, December 10th. The company reported $0.04 earnings per share for the quarter, beating 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 expect 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.