Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH – Get Free Report) 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.
Read Our Latest Stock Report on SPWH
Institutional Trading of Sportsman’s Warehouse
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 – Get Free Report) 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.
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