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 significant growth in short interest in December. As of December 15th, there was short interest totaling 1,673,938 shares, a growth of 71.1% from the November 30th total of 978,145 shares. Currently, 4.4% of the shares of the stock are sold short. Based on an average daily volume of 1,343,790 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily volume of 1,343,790 shares, the days-to-cover ratio is currently 1.2 days. Currently, 4.4% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of research reports. Lake Street Capital upped their price objective on Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a report on Friday, September 5th. Roth Capital dropped their target price on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a research report on Friday, December 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research note on Monday, December 22nd. Robert W. Baird decreased their price target on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Finally, Wall Street Zen lowered shares of Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $2.88.

Insider Activity at Sportsman’s Warehouse

In related news, Director Richard D. Mcbee purchased 25,000 shares of the business’s stock in a transaction on Thursday, October 2nd. The stock was acquired at an average price of $2.47 per share, with a total value of $61,750.00. Following the purchase, the director directly owned 364,886 shares in the company, valued at approximately $901,268.42. This represents a 7.36% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Paul Stone acquired 59,979 shares of the stock in a transaction dated Friday, October 3rd. The shares were bought at an average price of $2.80 per share, for a total transaction of $167,941.20. Following the transaction, the chief executive officer owned 1,110,602 shares in the company, valued at approximately $3,109,685.60. This represents a 5.71% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 143,279 shares of company stock valued at $390,609 over the last three months. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quinn Opportunity Partners LLC bought a new position in Sportsman’s Warehouse during the 2nd quarter valued at approximately $1,796,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sportsman’s Warehouse in the 2nd quarter worth approximately $688,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of Sportsman’s Warehouse during the first quarter valued at approximately $715,000. Solas Capital Management LLC increased its stake in shares of Sportsman’s Warehouse by 67.3% during the first quarter. Solas Capital Management LLC now owns 1,852,091 shares of the company’s stock valued at $1,841,000 after buying an additional 744,954 shares during the period. Finally, Stratos Wealth Partners LTD. raised its holdings in shares of Sportsman’s Warehouse by 50.0% during the second quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock valued at $62,000 after acquiring an additional 6,000 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Sportsman’s Warehouse Trading Down 2.9%

Shares of SPWH stock opened at $1.36 on Friday. The business has a 50-day moving average of $2.03 and a 200 day moving average of $2.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06. Sportsman’s Warehouse has a 1-year low of $0.92 and a 1-year high of $4.33. The stock has a market capitalization of $52.33 million, a PE ratio of -1.40 and a beta of 0.60.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Thursday, December 4th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). Sportsman’s Warehouse had a negative return on equity of 7.20% and a negative net margin of 3.05%.The company had revenue of $331.32 million during the quarter, compared to analysts’ expectations of $331.11 million. As a group, sell-side analysts anticipate that Sportsman’s Warehouse will post -0.65 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.