Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Down 29.2% in September

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,140,000 shares, a decrease of 29.2% from the August 31st total of 1,610,000 shares. Based on an average daily trading volume, of 495,600 shares, the short-interest ratio is presently 2.3 days. Approximately 3.2% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages have commented on SPWH. Lake Street Capital dropped their price target on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. B. Riley lowered their target price on Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 4th. Roth Mkm reduced their price target on Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating for the company in a research report on Tuesday, September 10th. Robert W. Baird decreased their price target on Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. Finally, Craig Hallum cut their price objective on shares of Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.80.

Insider Activity at Sportsman's Warehouse

In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the business's stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $2.55 per share, with a total value of $51,000.00. Following the completion of the acquisition, the director now directly owns 205,608 shares of the company's stock, valued at approximately $524,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Richard D. Mcbee acquired 20,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the purchase, the director now directly owns 205,608 shares in the company, valued at $524,300.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Paul Stone bought 39,920 shares of the business's stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the purchase, the chief executive officer now directly owns 904,157 shares of the company's stock, valued at approximately $2,296,558.78. The disclosure for this purchase can be found here. Insiders own 1.80% of the company's stock.

Institutional Trading of Sportsman's Warehouse

Several large investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new position in shares of Sportsman's Warehouse during the fourth quarter valued at $2,488,000. Cubist Systematic Strategies LLC purchased a new position in Sportsman's Warehouse during the 2nd quarter valued at about $384,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Sportsman's Warehouse by 19.5% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company's stock valued at $2,316,000 after purchasing an additional 121,731 shares during the period. CastleKnight Management LP purchased a new stake in shares of Sportsman's Warehouse in the fourth quarter worth approximately $384,000. Finally, Fund 1 Investments LLC acquired a new stake in shares of Sportsman's Warehouse during the fourth quarter worth approximately $375,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman's Warehouse Price Performance

SPWH stock traded down $0.12 on Friday, hitting $2.85. 217,674 shares of the company's stock traded hands, compared to its average volume of 463,121. The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The stock has a market cap of $107.87 million, a price-to-earnings ratio of -3.39 and a beta of 0.67. Sportsman's Warehouse has a 1-year low of $1.81 and a 1-year high of $5.55. The stock has a fifty day moving average of $2.40 and a 200-day moving average of $2.80.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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