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

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

Analyst Ratings Changes

SPWH has been the topic of several research reports. Craig Hallum upgraded shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price target on the stock in a research note 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 on the stock in a research report on Wednesday, April 2nd. Finally, B. Riley reiterated a "buy" rating and issued a $3.00 price target (down from $4.00) on shares of Sportsman's Warehouse in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $2.80.

Sportsman's Warehouse Price Performance

Shares of NASDAQ:SPWH opened at $1.66 on Monday. The firm has a 50 day moving average of $1.36 and a 200-day moving average of $1.99. Sportsman's Warehouse has a 12 month low of $0.92 and a 12 month high of $4.44. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $63.56 million, a PE ratio of -1.89 and a beta of 0.75.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings data on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. Sportsman's Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. The business had revenue of $340.40 million during the quarter, compared to the consensus estimate of $328.67 million. On average, equities research analysts predict that Sportsman's Warehouse will post -0.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SPWH. Empowered Funds LLC increased its position in Sportsman's Warehouse by 5.2% during the 4th quarter. Empowered Funds LLC now owns 126,683 shares of the company's stock worth $338,000 after purchasing an additional 6,225 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Sportsman's Warehouse by 1.3% during the fourth quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock worth $1,482,000 after buying an additional 6,972 shares in the last quarter. SkyView Investment Advisors LLC lifted its stake in shares of Sportsman's Warehouse by 5.3% in the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company's stock valued at $500,000 after acquiring an additional 9,332 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Sportsman's Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company's stock valued at $1,176,000 after acquiring an additional 10,058 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in Sportsman's Warehouse during the 4th quarter worth $33,000. Institutional investors own 83.04% of the company's stock.

About Sportsman's Warehouse

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.

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