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

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

Institutional Trading of Sportsman’s Warehouse

Hedge funds and other institutional investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd purchased a new stake in Sportsman’s Warehouse in the 4th quarter valued at about $41,000. SBI Securities Co. Ltd. boosted its stake in Sportsman’s Warehouse by 158,500.0% during 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 period. Prudential Financial Inc. purchased a new position in Sportsman’s Warehouse during the second quarter worth about $56,000. Centiva Capital LP acquired a new stake in shares of Sportsman’s Warehouse during the third quarter valued at about $63,000. Finally, Teton Advisors LLC increased its position in shares of 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 and hedge funds.

Analyst Upgrades and Downgrades

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

Sportsman’s Warehouse Stock Performance

SPWH opened at $1.30 on Friday. Sportsman’s Warehouse has a one year low of $1.08 and a one year high of $3.87. The stock has a market capitalization of $50.73 million, a PE ratio of -1.00 and a beta of 0.41. The business’s 50 day moving average price is $1.33 and its 200 day moving average price is $1.36. 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 (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) earnings per share for the quarter, topping the consensus estimate of ($0.58) by $0.19. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.The company had revenue of $256.08 million during the quarter, compared to analyst estimates of $252.30 million. During the same period in the prior year, the business posted ($0.56) earnings per share. As a group, equities research analysts expect that Sportsman’s Warehouse will post -0.34 EPS for the current 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.