Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Up 62.5% in July

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

Institutional Trading of Sportsman’s Warehouse

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its holdings in shares of Sportsman’s Warehouse by 30.6% in the first quarter. Goldman Sachs Group Inc. now owns 318,683 shares of the company’s stock worth $317,000 after acquiring an additional 74,601 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Sportsman’s Warehouse by 217.1% in the 1st quarter. Acadian Asset Management LLC now owns 216,605 shares of the company’s stock valued at $214,000 after purchasing an additional 148,296 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Sportsman’s Warehouse by 123.4% during the 2nd 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 stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at approximately $56,000. Finally, XTX Topco Ltd bought a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at approximately $189,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

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

Sportsman’s Warehouse Stock Down 1.7%

SPWH stock opened at $1.14 on Friday. The company has a market cap of $44.48 million, a PE ratio of -0.88 and a beta of 0.41. The business has a 50-day simple moving average of $1.26 and a 200 day simple moving average of $1.33. Sportsman’s Warehouse has a 52 week low of $1.08 and a 52 week high of $3.70. 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 (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) earnings per share (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 firm had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. During the same period in the prior year, the company posted ($0.56) earnings per share. Sell-side analysts anticipate that Sportsman’s Warehouse will post -0.34 EPS 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.