Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Drops By 36.0%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 297,452 shares, a decrease of 36.0% from the May 31st total of 464,746 shares. Based on an average trading volume of 806,208 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.8% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

SPWH has been the topic of a number of research reports. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings lowered Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.58.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sportsman’s Warehouse in the 4th quarter worth approximately $41,000. SBI Securities Co. Ltd. lifted its position in Sportsman’s Warehouse by 158,500.0% in the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares during the last quarter. Prudential Financial Inc. bought a new stake in Sportsman’s Warehouse in the second quarter worth $56,000. Centiva Capital LP purchased a new position in Sportsman’s Warehouse during the third quarter worth $63,000. Finally, Teton Advisors LLC increased its position in Sportsman’s Warehouse by 14.3% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after acquiring an additional 10,000 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Sportsman’s Warehouse Price Performance

Shares of SPWH stock traded down $0.03 on Thursday, reaching $1.27. The company’s stock had a trading volume of 106,610 shares, compared to its average volume of 587,485. The stock’s fifty day simple moving average is $1.34 and its 200-day simple moving average is $1.36. Sportsman’s Warehouse has a 1 year low of $1.08 and a 1 year high of $3.87. The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $49.75 million, a price-to-earnings ratio of -0.98 and a beta of 0.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.39) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.19. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The company had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. During the same quarter in the prior year, the firm earned ($0.56) earnings per share. Analysts forecast that Sportsman’s Warehouse will post -0.34 earnings per share for the current fiscal year.

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.