Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Sees Significant Growth in Short Interest

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant growth in short interest in March. As of March 31st, there was short interest totalling 4,410,000 shares, a growth of 23.2% from the March 15th total of 3,580,000 shares. Based on an average daily volume of 446,700 shares, the short-interest ratio is currently 9.9 days. Approximately 12.4% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. B. Riley reduced their target price on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. StockNews.com upgraded Sportsman’s Warehouse to a “sell” rating in a report on Thursday, January 11th. Finally, Robert W. Baird reduced their target price on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock opened at $3.30 on Monday. The stock’s 50-day moving average is $3.46 and its 200-day moving average is $4.18. Sportsman’s Warehouse has a one year low of $2.74 and a one year high of $7.42.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Wednesday, April 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.10. The business had revenue of $370.39 million for the quarter, compared to the consensus estimate of $373.61 million. Sportsman’s Warehouse had a negative return on equity of 8.86% and a negative net margin of 2.25%. Sportsman’s Warehouse’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.33 earnings per share. Equities research analysts expect that Sportsman’s Warehouse will post 0.02 EPS for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors have recently bought and sold shares of the business. UBS Group AG grew its position in shares of Sportsman’s Warehouse by 145.2% in the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares during the last quarter. Quarry LP grew its position in shares of Sportsman’s Warehouse by 509.1% in the first quarter. Quarry LP now owns 5,476 shares of the company’s stock valued at $46,000 after purchasing an additional 4,577 shares during the last quarter. Wolverine Trading LLC acquired a new position in shares of Sportsman’s Warehouse in the third quarter valued at approximately $47,000. Ancora Advisors LLC acquired a new position in shares of Sportsman’s Warehouse in the first quarter valued at approximately $52,000. Finally, Citigroup Inc. grew its position in shares of Sportsman’s Warehouse by 1,012.3% in the second quarter. Citigroup Inc. now owns 11,279 shares of the company’s stock valued at $64,000 after purchasing an additional 10,265 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.