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

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. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 620,700 shares, the short-interest ratio is currently 0.7 days.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of analyst reports. B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and upped their price objective for the company from $2.00 to $4.00 in a research report on Wednesday, December 11th. StockNews.com raised 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 assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sportsman’s Warehouse has an average rating of “Moderate Buy” and an average price target of $3.20.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently added to or reduced their stakes in SPWH. Union Square Park Capital Management LLC lifted its position in shares of Sportsman’s Warehouse by 15.0% in the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company’s stock worth $4,489,000 after buying an additional 219,210 shares during the last quarter. Soviero Asset Management LP acquired a new position in Sportsman’s Warehouse in the fourth quarter valued at approximately $668,000. Squarepoint Ops LLC grew its holdings in shares of Sportsman’s Warehouse by 225.0% during the fourth quarter. Squarepoint Ops LLC now owns 165,178 shares of the company’s stock valued at $441,000 after purchasing an additional 114,353 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $501,000. Finally, Two Sigma Investments LP bought a new stake in shares of Sportsman’s Warehouse in the 4th quarter worth approximately $716,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Up 5.7 %

NASDAQ:SPWH traded up $0.06 during mid-day trading on Friday, reaching $1.11. The stock had a trading volume of 849,339 shares, compared to its average volume of 518,980. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The company has a market capitalization of $42.13 million, a price-to-earnings ratio of -1.26 and a beta of 0.53. Sportsman’s Warehouse has a 1-year low of $1.03 and a 1-year high of $4.44. The stock’s 50 day simple moving average is $1.82 and its two-hundred day simple moving average is $2.28.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, December 10th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.09. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. Equities analysts anticipate that Sportsman’s Warehouse will post -0.65 EPS for the current year.

About Sportsman’s Warehouse

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.