Short Interest in Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Decreases By 22.1%

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant decline in short interest in January. As of January 30th, there was short interest totaling 1,518,701 shares, a decline of 22.1% from the January 15th total of 1,949,539 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 300,348 shares, the short-interest ratio is currently 5.1 days. Based on an average trading volume of 300,348 shares, the short-interest ratio is currently 5.1 days. Approximately 4.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SPWH shares. Robert W. Baird dropped their target price on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Roth Mkm dropped their price objective on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a research note on Friday, December 5th. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $2.95.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPWH. Arrowstreet Capital Limited Partnership grew its stake in shares of Sportsman’s Warehouse by 245.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,082,777 shares of the company’s stock worth $3,736,000 after acquiring an additional 769,051 shares during the period. Archon Capital Management LLC increased its stake in shares of Sportsman’s Warehouse by 51.6% in the fourth quarter. Archon Capital Management LLC now owns 1,668,905 shares of the company’s stock worth $2,437,000 after purchasing an additional 568,151 shares in the last quarter. Prescott Group Capital Management L.L.C. bought a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $819,000. Quinn Opportunity Partners LLC purchased a new stake in shares of Sportsman’s Warehouse during the 2nd quarter valued at approximately $1,796,000. Finally, JPMorgan Chase & Co. boosted its holdings in Sportsman’s Warehouse by 123.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 744,496 shares of the company’s stock worth $2,569,000 after buying an additional 411,295 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Stock Performance

SPWH stock traded down $0.02 during midday trading on Friday, hitting $1.25. The company’s stock had a trading volume of 276,392 shares, compared to its average volume of 308,603. The stock’s 50-day moving average price is $1.42 and its 200 day moving average price is $2.27. The company has a quick ratio of 0.06, a current ratio of 1.20 and a debt-to-equity ratio of 0.21. The stock has a market cap of $48.10 million, a price-to-earnings ratio of -1.29 and a beta of 0.58. Sportsman’s Warehouse has a 1 year low of $0.92 and a 1 year high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its earnings results on Thursday, December 4th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.01). The company had revenue of $331.32 million for the quarter, compared to the consensus estimate of $331.11 million. Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. On average, equities analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current 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.