Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Grows By 60.7%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 679,124 shares, a growth of 60.7% from the August 15th total of 422,474 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average trading volume of 219,241 shares, the short-interest ratio is presently 3.1 days.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC purchased a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth $28,000. Two Sigma Securities LLC purchased a new stake in Sportsman’s Warehouse during the second quarter valued at $25,000. JB Capital Partners LP purchased a new stake in Sportsman’s Warehouse during the second quarter valued at $2,275,356. Empowered Funds LLC lifted its holdings in Sportsman’s Warehouse by 5.6% in the first quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock valued at $287,000 after acquiring an additional 10,837 shares during the period. Finally, NewEdge Advisors LLC bought a new position in Sportsman’s Warehouse in the first quarter valued at about $170,000. 83.04% of the stock is owned by institutional investors.

Sportsman’s Warehouse Stock Performance

Shares of NASDAQ SPWH opened at $1.19 on Friday. The firm’s 50-day moving average price is $1.18 and its 200-day moving average price is $1.30. The company has a quick ratio of 0.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.27. The company has a market cap of $46.58 million, a PE ratio of -0.97 and a beta of 0.42. Sportsman’s Warehouse has a 52-week low of $1.08 and a 52-week high of $3.35.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.04. The firm had revenue of $295.58 million during the quarter, compared to analysts’ expectations of $295.05 million. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. As a group, analysts anticipate that Sportsman’s Warehouse will post -0.31 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings raised Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. Zacks Research lowered Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 6th. Finally, Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $2.12.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc operates specialty sporting-goods stores and an e-commerce platform serving outdoor enthusiasts in the United States. The company focuses on products for hunting, shooting, fishing, camping, hiking and other outdoor activities.

Its merchandise includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor footwear and apparel, optics, knives, footwear, and related accessories. Sportsman’s Warehouse also provides services such as firearm transfers, gunsmithing, hunting and fishing licenses, and equipment-related support at select locations.

Founded in 1986, the company is headquartered in Utah and has historically maintained a store presence concentrated in the western United States, including Alaska, while its online business allows it to serve customers more broadly.