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

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sportsman’s Warehouse

Large investors have recently bought and sold shares of the stock. Portolan Capital Management LLC acquired a new position in Sportsman’s Warehouse during the 3rd quarter valued at $2,565,000. GSA Capital Partners LLP raised its stake in shares of Sportsman’s Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after buying an additional 473,212 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Sportsman’s Warehouse by 32.0% in the 2nd quarter. American Century Companies Inc. now owns 79,426 shares of the company’s stock valued at $191,000 after buying an additional 19,237 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at $384,000. Finally, Jane Street Group LLC raised its stake in shares of Sportsman’s Warehouse by 16.6% in the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after buying an additional 32,073 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock traded down $0.10 on Monday, reaching $1.94. The stock had a trading volume of 362,916 shares, compared to its average volume of 339,960. The business’s 50-day moving average price is $2.31 and its two-hundred day moving average price is $2.42. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20. Sportsman’s Warehouse has a fifty-two week low of $1.81 and a fifty-two week high of $4.44. The stock has a market cap of $73.64 million, a P/E 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 earnings per share 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, sell-side analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current 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.