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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 463,983 shares, a growth of 62.5% from the June 30th total of 285,585 shares. Based on an average daily trading volume, of 495,063 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Zacks Research raised Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Finally, Weiss Ratings cut shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.58.

Sportsman’s Warehouse Stock Up 0.9%

Shares of Sportsman’s Warehouse stock opened at $1.16 on Friday. Sportsman’s Warehouse has a 12-month low of $1.08 and a 12-month high of $3.70. The firm has a market capitalization of $45.26 million, a PE ratio of -0.89 and a beta of 0.41. The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock’s fifty day moving average is $1.26 and its 200-day moving average is $1.33.

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

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Sportsman’s Warehouse in the 4th quarter worth approximately $41,000. SBI Securities Co. Ltd. lifted its holdings in shares of 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 valued at $46,000 after purchasing an additional 31,700 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Sportsman’s Warehouse in the second quarter valued at $56,000. Centiva Capital LP acquired a new stake in shares of Sportsman’s Warehouse in the third quarter worth $63,000. Finally, Teton Advisors LLC boosted its position in shares of Sportsman’s Warehouse by 14.3% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $113,000 after buying an additional 10,000 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.