Sportsman's Warehouse Holdings Sees Large Increase in Short Interest (SPWH)
Shares of Sportsman's Warehouse Holdings (NASDAQ:SPWH) were the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totalling 1,662,315 shares, a growth of 62.8% from the July 15th total of 1,021,140 shares, Stock Ratings Network reports. Approximately 10.5% of the company’s stock are sold short. Based on an average daily trading volume, of 222,001 shares, the days-to-cover ratio is presently 7.5 days.
Separately, analysts at Wells Fargo & Co. upgraded shares of Sportsman's Warehouse Holdings from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $12.60.
Shares of Sportsman's Warehouse Holdings (NASDAQ:SPWH) opened at 5.95 on Thursday. Sportsman's Warehouse Holdings has a 1-year low of $5.43 and a 1-year high of $11.00. The stock has a 50-day moving average of $6.70 and a 200-day moving average of $8.1. The company has a market cap of $248.1 million and a P/E ratio of 17.37.
Sportsman's Warehouse Holdings (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, June 10th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.07) by $0.02. The company had revenue of $132.40 million for the quarter, compared to the consensus estimate of $127.41 million. The company’s quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts predict that Sportsman's Warehouse Holdings will post $0.51 earnings per share for the current fiscal year.
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.
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