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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target 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. Approximately 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 495,063 shares, the short-interest ratio is presently 0.9 days.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds have recently bought and sold shares of SPWH. Goldman Sachs Group Inc. raised its stake in Sportsman’s Warehouse by 30.6% during the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock valued at $317,000 after buying an additional 74,601 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Sportsman’s Warehouse by 217.1% during the first quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock worth $214,000 after purchasing an additional 148,296 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Sportsman’s Warehouse by 123.4% during the second quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock valued at $2,569,000 after purchasing an additional 411,295 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth about $56,000. Finally, XTX Topco Ltd bought a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at about $189,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Sportsman’s Warehouse Stock Up 0.9%

Shares of NASDAQ SPWH opened at $1.16 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.18. Sportsman’s Warehouse has a 1 year low of $1.08 and a 1 year high of $3.70. The stock’s 50-day simple moving average is $1.26 and its 200-day simple moving average is $1.33. The firm has a market cap of $45.26 million, a price-to-earnings ratio of -0.89 and a beta of 0.41.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.19. The firm had revenue of $256.08 million during the quarter, compared to analyst estimates 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 firm earned ($0.56) EPS. As a group, equities analysts anticipate that Sportsman’s Warehouse will post -0.34 earnings per share for the current fiscal year.

About Sportsman’s Warehouse

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.