Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of 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. Based on an average daily trading volume, of 1,298,649 shares, the days-to-cover ratio is presently 8.8 days. Currently, 31.5% of the company’s stock are sold short.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. boosted its stake in shares of Sportsman’s Warehouse by 2.3% during the 2nd quarter. Franklin Resources Inc. now owns 4,577,661 shares of the company’s stock worth $24,720,000 after acquiring an additional 103,548 shares in the last quarter. Boston Partners boosted its stake in shares of Sportsman’s Warehouse by 6.7% during the 3rd quarter. Boston Partners now owns 2,740,624 shares of the company’s stock worth $12,360,000 after acquiring an additional 173,057 shares in the last quarter. Towle & Co. bought a new stake in shares of Sportsman’s Warehouse during the 3rd quarter worth about $11,184,000. Boston Private Wealth LLC boosted its stake in shares of Sportsman’s Warehouse by 69.0% during the 3rd quarter. Boston Private Wealth LLC now owns 2,112,000 shares of the company’s stock worth $9,525,000 after acquiring an additional 862,000 shares in the last quarter. Finally, Citadel Advisors LLC boosted its stake in shares of Sportsman’s Warehouse by 1.6% during the 3rd quarter. Citadel Advisors LLC now owns 1,376,735 shares of the company’s stock worth $6,209,000 after acquiring an additional 21,053 shares in the last quarter.

A number of brokerages have recently weighed in on SPWH. ValuEngine upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating in a report on Friday, December 1st. DA Davidson set a $7.00 price target on Sportsman’s Warehouse and gave the company a “buy” rating in a report on Wednesday, December 6th. Forward View set a $4.00 price target on Sportsman’s Warehouse and gave the company a “hold” rating in a report on Saturday, November 18th. Zacks Investment Research downgraded Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a report on Tuesday, November 21st. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $6.00 target price on shares of Sportsman’s Warehouse in a research note on Sunday, October 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $6.56.

Sportsman’s Warehouse (NASDAQ:SPWH) opened at $5.73 on Thursday. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.54 and a quick ratio of 0.03. Sportsman’s Warehouse has a 52 week low of $3.40 and a 52 week high of $9.86. The company has a market capitalization of $230.35, a PE ratio of 9.84, a price-to-earnings-growth ratio of 0.95 and a beta of -0.66.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Thursday, November 16th. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.01). Sportsman’s Warehouse had a net margin of 2.84% and a return on equity of 71.55%. The firm had revenue of $218.10 million during the quarter, compared to analysts’ expectations of $222.59 million. During the same quarter last year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up .4% compared to the same quarter last year. equities research analysts forecast that Sportsman’s Warehouse will post 0.57 EPS for the current fiscal year.

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Sportsman’s Warehouse Company Profile

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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