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

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) saw a significant decline in short interest in the month of 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. Based on an average daily trading volume, of 503,300 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.0% of the company's shares are sold short.

Analyst Ratings Changes

SPWH has been the subject of a number of recent analyst reports. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research note on Saturday, November 30th. B. Riley upgraded 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 report on Wednesday, December 11th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $3.20.

Sportsman's Warehouse Stock Performance

Sportsman's Warehouse stock traded down $0.07 during mid-day trading on Monday, hitting $1.98. The company had a trading volume of 254,979 shares, compared to its average volume of 334,660. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. Sportsman's Warehouse has a 12-month low of $1.81 and a 12-month high of $4.44. The company's fifty day moving average is $2.31 and its 200-day moving average is $2.42. The company has a market capitalization of $74.97 million, a price-to-earnings ratio of -2.24 and a beta of 0.48.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its quarterly earnings data 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 research analysts predict that Sportsman's Warehouse will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Empowered Funds LLC lifted its position in shares of Sportsman's Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock valued at $338,000 after buying an additional 6,225 shares in the last quarter. R Squared Ltd purchased a new position in shares of Sportsman's Warehouse during the 4th quarter valued at approximately $33,000. SkyView Investment Advisors LLC lifted its position in shares of Sportsman's Warehouse by 5.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company's stock valued at $500,000 after buying an additional 9,332 shares in the last quarter. Barclays PLC raised its stake in Sportsman's Warehouse by 25,025.0% in the 3rd quarter. Barclays PLC now owns 38,190 shares of the company's stock valued at $103,000 after purchasing an additional 38,038 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Sportsman's Warehouse by 2.4% in the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company's stock valued at $1,176,000 after purchasing an additional 10,058 shares during the last quarter. Hedge funds and other 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.