Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Up 184.9% in April

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totalling 1,960,000 shares, an increase of 184.9% from the March 31st total of 687,900 shares. Approximately 5.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,460,000 shares, the days-to-cover ratio is currently 0.8 days.

Sportsman’s Warehouse Price Performance

Shares of NASDAQ SPWH opened at $1.64 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average price is $1.36 and its two-hundred day moving average price is $1.98. The company has a market cap of $62.79 million, a PE ratio of -1.86 and a beta of 0.75. Sportsman’s Warehouse has a twelve month low of $0.92 and a twelve month high of $4.44.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, April 1st. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.12. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The business had revenue of $340.40 million for the quarter, compared to analyst estimates of $328.67 million. On average, analysts predict that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $3.00 price target (down previously from $4.00) on shares of Sportsman’s Warehouse in a research report on Wednesday, April 2nd. Roth Mkm decreased their target price on shares of Sportsman’s Warehouse from $3.50 to $2.50 and set a “buy” rating for the company in a research report on Wednesday, April 2nd. Finally, Craig Hallum upgraded Sportsman’s Warehouse from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $2.80.

Institutional Trading of Sportsman’s Warehouse

A number of hedge funds have recently modified their holdings of SPWH. Portolan Capital Management LLC grew its stake in Sportsman’s Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock valued at $6,232,000 after buying an additional 1,387,935 shares during the last quarter. Union Square Park Capital Management LLC grew its position in shares of Sportsman’s Warehouse by 15.0% in the fourth quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company’s stock valued at $4,489,000 after purchasing an additional 219,210 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Sportsman’s Warehouse by 365.9% during the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company’s stock worth $3,214,000 after purchasing an additional 945,438 shares during the period. Gamco Investors INC. ET AL lifted its holdings in Sportsman’s Warehouse by 1.3% during the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock worth $1,482,000 after purchasing an additional 6,972 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Sportsman’s Warehouse by 79.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 545,398 shares of the company’s stock valued at $1,456,000 after purchasing an additional 242,222 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.