Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Sees Large Growth in Short Interest

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 943,919 shares, a growth of 55.4% from the March 15th total of 607,264 shares. Based on an average daily trading volume, of 315,751 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wall Street Zen cut Sportsman’s Warehouse from a “sell” rating to a “strong sell” rating in a report on Sunday. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 29th. Three 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $2.94.

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of Sportsman’s Warehouse by 165.3% during the 2nd quarter. BNP Paribas Financial Markets now owns 57,167 shares of the company’s stock worth $197,000 after purchasing an additional 35,621 shares during the last quarter. XTX Topco Ltd acquired a new position in Sportsman’s Warehouse during the 2nd quarter valued at about $189,000. Centiva Capital LP acquired a new position in Sportsman’s Warehouse during the 3rd quarter valued at about $63,000. Prudential Financial Inc. acquired a new position in Sportsman’s Warehouse during the 2nd quarter valued at about $56,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Sportsman’s Warehouse during the 4th quarter valued at about $41,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Trading Down 1.4%

Shares of NASDAQ SPWH opened at $1.46 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.36 and a quick ratio of 0.10. The stock has a market capitalization of $56.65 million, a P/E ratio of -1.12 and a beta of 0.46. Sportsman’s Warehouse has a 1-year low of $1.08 and a 1-year high of $4.33. The business has a fifty day moving average price of $1.32 and a 200 day moving average price of $1.76.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $334.86 million for the quarter, compared to analysts’ expectations of $334.89 million. Sportsman’s Warehouse had a negative return on equity of 10.30% and a negative net margin of 4.14%. Equities research analysts expect that Sportsman’s Warehouse will post -0.65 EPS 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.