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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a large decrease in short interest in 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 daily volume of 806,208 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.8% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently made changes to their positions in SPWH. Prescott Group Capital Management L.L.C. bought a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at about $819,000. Union Square Park Capital Management LLC grew its holdings in Sportsman’s Warehouse by 33.5% during the 4th quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock worth $3,473,000 after acquiring an additional 596,658 shares in the last quarter. SBI Securities Co. Ltd. increased its position in Sportsman’s Warehouse by 158,500.0% during the 4th 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 during the period. Skylands Capital LLC raised its holdings in shares of Sportsman’s Warehouse by 62.8% in the 4th quarter. Skylands Capital LLC now owns 639,800 shares of the company’s stock valued at $934,000 after purchasing an additional 246,800 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Sportsman’s Warehouse by 0.9% in the 3rd quarter. Gamco Investors INC. ET AL now owns 546,000 shares of the company’s stock valued at $1,512,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Trading Down 1.9%

SPWH traded down $0.03 on Thursday, reaching $1.27. 106,610 shares of the company traded hands, compared to its average volume of 587,485. The company has a market cap of $49.75 million, a P/E ratio of -0.98 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. Sportsman’s Warehouse has a one year low of $1.08 and a one year high of $3.87. The firm has a fifty day simple moving average of $1.34 and a two-hundred day simple moving average of $1.36.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping 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 business had revenue of $256.08 million for the quarter, compared to analyst estimates of $252.30 million. During the same period last year, the company posted ($0.56) earnings per share. As a group, equities research analysts expect that Sportsman’s Warehouse will post -0.34 earnings per share 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.