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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 4,410,000 shares, a growth of 23.2% from the March 15th total of 3,580,000 shares. Based on an average trading volume of 446,700 shares, the short-interest ratio is currently 9.9 days. Approximately 12.4% of the company’s shares are sold short.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. UBS Group AG increased its stake in shares of Sportsman’s Warehouse by 145.2% in the second quarter. UBS Group AG now owns 4,414 shares of the company’s stock valued at $42,000 after purchasing an additional 2,614 shares during the period. Quarry LP raised its holdings in shares of Sportsman’s Warehouse by 509.1% during the first quarter. Quarry LP now owns 5,476 shares of the company’s stock valued at $46,000 after buying an additional 4,577 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of Sportsman’s Warehouse during the third quarter valued at approximately $47,000. Ancora Advisors LLC bought a new stake in shares of Sportsman’s Warehouse during the first quarter valued at approximately $52,000. Finally, Citigroup Inc. raised its holdings in shares of Sportsman’s Warehouse by 1,012.3% during the second quarter. Citigroup Inc. now owns 11,279 shares of the company’s stock valued at $64,000 after buying an additional 10,265 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Price Performance

NASDAQ:SPWH opened at $3.30 on Monday. The firm has a 50-day moving average of $3.46 and a two-hundred day moving average of $4.18. Sportsman’s Warehouse has a 1-year low of $2.74 and a 1-year high of $7.42.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Wednesday, April 10th. The company reported ($0.20) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.10. The firm had revenue of $370.39 million for the quarter, compared to analyst estimates of $373.61 million. Sportsman’s Warehouse had a negative net margin of 2.25% and a negative return on equity of 8.86%. Sportsman’s Warehouse’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, research analysts expect that Sportsman’s Warehouse will post 0.02 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird cut their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 4th. B. Riley decreased their price target on shares of Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Finally, StockNews.com raised shares of Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th.

About Sportsman’s Warehouse

Sportsman's Warehouse Holdings, Inc, together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and apparel products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.