Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Decreases By 36.5%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a significant 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. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 620,700 shares, the short-interest ratio is presently 0.7 days.

Analysts Set New Price Targets

SPWH has been the subject of several recent research reports. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, November 30th. B. Riley upgraded Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and boosted their price target for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3.20.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPWH. OneDigital Investment Advisors LLC lifted its stake in shares of Sportsman’s Warehouse by 3.9% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 131,670 shares of the company’s stock valued at $357,000 after acquiring an additional 4,909 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of Sportsman’s Warehouse by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 120,458 shares of the company’s stock valued at $326,000 after acquiring an additional 6,030 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at $168,000. FMR LLC lifted its stake in shares of Sportsman’s Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after acquiring an additional 174,858 shares during the last quarter. Finally, Portolan Capital Management LLC bought a new position in shares of Sportsman’s Warehouse in the 3rd quarter valued at $2,565,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Price Performance

NASDAQ SPWH traded up $0.06 on Friday, hitting $1.11. 849,339 shares of the company’s stock were exchanged, compared to its average volume of 517,700. The stock has a 50-day moving average of $1.82 and a 200-day moving average of $2.28. 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 52 week low of $1.03 and a 52 week high of $4.44. The stock has a market cap of $42.13 million, a price-to-earnings ratio of -1.26 and a beta of 0.53.

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.