Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Down 36.0% in June

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 297,452 shares, a decline of 36.0% from the May 31st total of 464,746 shares. Based on an average daily trading volume, of 806,208 shares, the short-interest ratio is currently 0.4 days. Currently, 0.8% of the shares of the stock are sold short.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors have recently bought and sold shares of SPWH. Gamco Investors INC. ET AL lifted its holdings in Sportsman’s Warehouse by 0.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 546,000 shares of the company’s stock worth $1,512,000 after buying an additional 5,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in Sportsman’s Warehouse by 1.5% in the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 635,830 shares of the company’s stock valued at $928,000 after buying an additional 9,450 shares during the period. Teton Advisors LLC grew its stake in shares of Sportsman’s Warehouse by 14.3% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $113,000 after acquiring an additional 10,000 shares in the last quarter. Empowered Funds LLC grew its stake in shares of 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 acquiring an additional 10,837 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Sportsman’s Warehouse during the second quarter worth $56,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Stock Performance

Shares of Sportsman’s Warehouse stock opened at $1.30 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.07. The stock’s 50 day simple moving average is $1.33 and its 200-day simple moving average is $1.36. The stock has a market cap of $50.73 million, a P/E ratio of -1.00 and a beta of 0.41. Sportsman’s Warehouse has a 1-year low of $1.08 and a 1-year high of $3.87.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.19. The firm had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative return on equity of 10.68% and a negative net margin of 4.17%.During the same quarter last year, the business posted ($0.56) earnings per share. Analysts predict that Sportsman’s Warehouse will post -0.34 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on SPWH shares. Weiss Ratings downgraded Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, June 23rd. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $2.58.

Sportsman’s Warehouse Company Profile

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.