Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Rises By 60.7%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the recipient of a large growth in short interest in August. As of August 31st, there was short interest totaling 679,124 shares, a growth of 60.7% from the August 15th total of 422,474 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 219,241 shares, the short-interest ratio is currently 3.1 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Zacks Research lowered shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings upgraded Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 10th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $2.12.

Institutional Investors Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JB Capital Partners LP purchased a new stake in Sportsman’s Warehouse during the 2nd quarter valued at about $2,275,356. Union Square Park Capital Management LLC lifted its stake in shares of Sportsman’s Warehouse by 33.5% in the fourth quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock worth $3,473,000 after buying an additional 596,658 shares in the last quarter. Prescott Group Capital Management L.L.C. purchased a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at approximately $819,000. Bbfit Investments PTE Ltd. bought a new stake in shares of Sportsman’s Warehouse during the fourth quarter valued at approximately $395,000. Finally, Renaissance Technologies LLC increased its position in shares of Sportsman’s Warehouse by 125.9% during the first quarter. Renaissance Technologies LLC now owns 484,300 shares of the company’s stock valued at $683,000 after acquiring an additional 269,930 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Trading Up 1.4%

SPWH stock traded up $0.01 during midday trading on Thursday, hitting $1.11. The company had a trading volume of 28,827 shares, compared to its average volume of 553,014. The stock has a market cap of $43.64 million, a price-to-earnings ratio of -0.91 and a beta of 0.42. The company has a current ratio of 1.17, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. The stock’s 50 day moving average price is $1.18 and its 200 day moving average price is $1.30. Sportsman’s Warehouse has a 52 week low of $1.08 and a 52 week high of $3.35.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, September 1st. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.04. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. The firm had revenue of $295.58 million for the quarter, compared to analysts’ expectations of $295.05 million. As a group, equities research analysts expect that Sportsman’s Warehouse will post -0.31 earnings per share for the current fiscal year.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc operates specialty sporting-goods stores and an e-commerce platform serving outdoor enthusiasts in the United States. The company focuses on products for hunting, shooting, fishing, camping, hiking and other outdoor activities.

Its merchandise includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor footwear and apparel, optics, knives, footwear, and related accessories. Sportsman’s Warehouse also provides services such as firearm transfers, gunsmithing, hunting and fishing licenses, and equipment-related support at select locations.

Founded in 1986, the company is headquartered in Utah and has historically maintained a store presence concentrated in the western United States, including Alaska, while its online business allows it to serve customers more broadly.