Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 12,865,846 shares, a growth of 22.5% from the August 15th total of 10,505,149 shares. Based on an average daily volume of 2,138,740 shares, the short-interest ratio is currently 6.0 days. Approximately 35.2% of the shares of the stock are sold short.

Several analysts have recently commented on the company. ValuEngine cut Sportsman’s Warehouse Holdings from a “buy” rating to a “hold” rating in a report on Friday, September 1st. DA Davidson reiterated a “buy” rating and issued a $8.00 price target on shares of Sportsman’s Warehouse Holdings in a report on Saturday, June 3rd. MKM Partners reiterated a “buy” rating and issued a $7.00 price target on shares of Sportsman’s Warehouse Holdings in a report on Wednesday, August 16th. Forward View set a $4.00 price target on Sportsman’s Warehouse Holdings and gave the company a “hold” rating in a report on Saturday, August 26th. Finally, TheStreet upgraded Sportsman’s Warehouse Holdings from a “d+” rating to a “c-” rating in a report on Tuesday, May 30th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $7.21.

Sportsman’s Warehouse Holdings (SPWH) opened at 4.49 on Thursday. Sportsman’s Warehouse Holdings has a 12-month low of $3.40 and a 12-month high of $11.16. The company has a 50-day moving average price of $4.20 and a 200 day moving average price of $4.74. The company has a market cap of $187.23 million, a PE ratio of 8.22 and a beta of -0.83.

Sportsman’s Warehouse Holdings (NASDAQ:SPWH) last issued its earnings results on Thursday, August 17th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. Sportsman’s Warehouse Holdings had a return on equity of 90.52% and a net margin of 2.94%. The business had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $191.28 million. During the same quarter in the prior year, the firm earned $0.20 EPS. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, analysts forecast that Sportsman’s Warehouse Holdings will post $0.63 EPS for the current fiscal year.

In other Sportsman’s Warehouse Holdings news, Director Kay L. Toolson bought 10,000 shares of the firm’s stock in a transaction dated Thursday, July 13th. The shares were bought at an average price of $5.00 per share, for a total transaction of $50,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John V. Schaefer sold 473,724 shares of the stock in a transaction on Monday, June 26th. The stock was sold at an average price of $5.37, for a total value of $2,543,897.88. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 25,700 shares of company stock worth $116,626 and have sold 1,148,821 shares worth $6,213,192. 4.15% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Nationwide Fund Advisors increased its holdings in Sportsman’s Warehouse Holdings by 35.8% in the 2nd quarter. Nationwide Fund Advisors now owns 20,626 shares of the company’s stock worth $111,000 after purchasing an additional 5,442 shares in the last quarter. Karp Capital Management Corp acquired a new position in Sportsman’s Warehouse Holdings in the 1st quarter worth about $100,000. Gotham Asset Management LLC acquired a new position in Sportsman’s Warehouse Holdings in the 2nd quarter worth about $114,000. Marshall Wace North America L.P. acquired a new position in Sportsman’s Warehouse Holdings in the 2nd quarter worth about $109,000. Finally, Goldman Sachs Group Inc. increased its holdings in Sportsman’s Warehouse Holdings by 71.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 23,956 shares of the company’s stock worth $115,000 after purchasing an additional 9,952 shares in the last quarter. 88.42% of the stock is owned by institutional investors and hedge funds.

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Sportsman’s Warehouse Holdings Company Profile

Sportsman’s Warehouse Holdings, Inc is an outdoor sporting goods retailer. The Company has outdoor specialty store base in the Western United States and Alaska. The Company has over 70 stores across approximately 20 states, which are located in power, neighborhood and lifestyle centers. The Company also operates several single-unit, standalone locations.

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