Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Down 13.3% in January

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SPWH shares. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their target price for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Three equities research 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. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH traded down $0.10 during mid-day trading on Monday, reaching $1.94. 362,916 shares of the company were exchanged, compared to its average volume of 339,960. Sportsman’s Warehouse has a 12 month low of $1.81 and a 12 month high of $4.44. The company has a fifty day moving average of $2.31 and a 200 day moving average of $2.42. 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 stock has a market cap of $73.64 million, a PE ratio of -2.20 and a beta of 0.48.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, December 10th. The company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates 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, research analysts anticipate that Sportsman’s Warehouse will post -0.65 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently added to or reduced their stakes in SPWH. Portolan Capital Management LLC bought a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at about $2,565,000. GSA Capital Partners LLP grew its position in shares of Sportsman’s Warehouse by 665.0% during the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after buying an additional 473,212 shares during the period. FMR LLC grew its position in shares of Sportsman’s Warehouse by 3.3% during the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after buying an additional 174,858 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $384,000. Finally, Squarepoint Ops LLC acquired a new stake in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $199,000. Institutional investors own 83.04% of the company’s stock.

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.