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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a significant drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,518,701 shares, a drop of 22.1% from the January 15th total of 1,949,539 shares. Based on an average daily volume of 300,348 shares, the short-interest ratio is currently 5.1 days. Currently, 4.0% of the company’s shares are sold short. Currently, 4.0% of the company’s shares are sold short. Based on an average daily volume of 300,348 shares, the short-interest ratio is currently 5.1 days.

Institutional Trading of Sportsman’s Warehouse

Hedge funds have recently made changes to their positions in the company. Archon Capital Management LLC lifted its position in shares of Sportsman’s Warehouse by 51.6% during the 4th quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock valued at $2,437,000 after buying an additional 568,151 shares during the last quarter. Quinn Opportunity Partners LLC raised its stake in Sportsman’s Warehouse by 54.2% in the 4th quarter. Quinn Opportunity Partners LLC now owns 497,781 shares of the company’s stock valued at $727,000 after acquiring an additional 175,000 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in Sportsman’s Warehouse during the fourth quarter valued at about $41,000. Empowered Funds LLC boosted its position in Sportsman’s Warehouse by 11.3% during the fourth quarter. Empowered Funds LLC now owns 192,358 shares of the company’s stock worth $281,000 after purchasing an additional 19,465 shares during the period. Finally, Prescott Group Capital Management L.L.C. purchased a new position in shares of Sportsman’s Warehouse in the fourth quarter worth about $819,000. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock traded down $0.02 during mid-day trading on Monday, hitting $1.25. 276,392 shares of the stock were exchanged, compared to its average volume of 302,969. The company has a market capitalization of $48.10 million, a P/E ratio of -1.29 and a beta of 0.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.20. The company has a 50-day simple moving average of $1.42 and a 200 day simple moving average of $2.26. Sportsman’s Warehouse has a 12 month low of $0.92 and a 12 month high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Thursday, December 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Sportsman’s Warehouse had a negative return on equity of 7.20% and a negative net margin of 3.05%.The business had revenue of $331.32 million for the quarter, compared to the consensus estimate of $331.11 million. Sell-side analysts anticipate that Sportsman’s Warehouse will post -0.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on SPWH. Robert W. Baird lowered their price objective on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Roth Mkm decreased their price target on shares of Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research note on Friday, December 5th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $2.95.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.