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 significant growth in short interest during the month of 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. Based on an average daily volume of 219,241 shares, the days-to-cover ratio is currently 3.1 days. Currently, 1.8% of the company’s stock are short sold.

Sportsman’s Warehouse Stock Performance

SPWH stock traded up $0.01 during trading on Thursday, reaching $1.11. The stock had a trading volume of 28,827 shares, compared to its average volume of 553,014. The firm has a market cap of $43.64 million, a PE 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 is $1.18 and its two-hundred day moving average 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 results on Tuesday, September 1st. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $295.05 million. As a group, equities analysts anticipate that Sportsman’s Warehouse will post -0.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on SPWH shares. Weiss Ratings raised Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. 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, Zacks Research lowered shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $2.12.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC bought a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at $28,000. Two Sigma Securities LLC bought a new position in Sportsman’s Warehouse in the 2nd quarter worth $25,000. JB Capital Partners LP bought a new stake in Sportsman’s Warehouse during the second quarter valued at about $2,275,356. Empowered Funds LLC increased its position in Sportsman’s Warehouse by 5.6% in the first quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after buying an additional 10,837 shares in the last quarter. Finally, NewEdge Advisors LLC bought a new position in shares of Sportsman’s Warehouse in the first quarter worth about $170,000. 83.04% of the stock is currently owned by institutional investors.

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.