Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant decline in short interest in November. As of November 30th, there was short interest totalling 11,488,651 shares, a decline of 19.1% from the November 15th total of 14,192,936 shares. Currently, 31.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,298,649 shares, the short-interest ratio is currently 8.8 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPWH. Towle & Co. bought a new position in shares of Sportsman’s Warehouse during the third quarter valued at approximately $11,184,000. Boston Private Wealth LLC bought a new position in shares of Sportsman’s Warehouse during the second quarter valued at approximately $6,750,000. Uniplan Investment Counsel Inc. bought a new position in shares of Sportsman’s Warehouse during the third quarter valued at approximately $3,085,000. Weber Alan W grew its stake in shares of Sportsman’s Warehouse by 107.8% during the third quarter. Weber Alan W now owns 685,900 shares of the company’s stock valued at $3,093,000 after buying an additional 355,900 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sportsman’s Warehouse by 55.7% during the second quarter. Dimensional Fund Advisors LP now owns 965,506 shares of the company’s stock valued at $5,214,000 after buying an additional 345,564 shares during the last quarter.

SPWH has been the topic of a number of research analyst reports. DA Davidson set a $8.00 target price on Sportsman’s Warehouse and gave the stock a “buy” rating in a research report on Monday, October 16th. Piper Jaffray Companies set a $5.00 price objective on Sportsman’s Warehouse and gave the stock a “hold” rating in a research note on Thursday, November 16th. Ifs Securities raised Sportsman’s Warehouse from a “market perform” rating to an “outperform” rating and set a $5.00 price objective on the stock in a research note on Friday, November 17th. Forward View set a $4.00 price objective on Sportsman’s Warehouse and gave the stock a “hold” rating in a research note on Saturday, August 26th. Finally, Zacks Investment Research cut Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $6.56.

Shares of Sportsman’s Warehouse (NASDAQ:SPWH) opened at $5.84 on Tuesday. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.03 and a current ratio of 1.54. Sportsman’s Warehouse has a 52 week low of $3.40 and a 52 week high of $9.86. The firm has a market capitalization of $248.24, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 1.03 and a beta of -0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.01). Sportsman’s Warehouse had a return on equity of 71.55% and a net margin of 2.84%. The company had revenue of $218.10 million for the quarter, compared to the consensus estimate of $222.59 million. During the same period in the previous year, the firm earned $0.25 earnings per share. The company’s revenue was up .4% compared to the same quarter last year. equities analysts predict that Sportsman’s Warehouse will post 0.57 EPS for the current fiscal year.

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About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

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