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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,673,938 shares, a growth of 71.1% from the November 30th total of 978,145 shares. Based on an average daily volume of 1,343,790 shares, the days-to-cover ratio is currently 1.2 days. Approximately 4.4% of the shares of the company are sold short. Approximately 4.4% of the shares of the company are sold short. Based on an average daily volume of 1,343,790 shares, the days-to-cover ratio is currently 1.2 days.

Sportsman’s Warehouse Stock Performance

Shares of SPWH stock traded down $0.02 during mid-day trading on Tuesday, reaching $1.36. 19,898 shares of the company’s stock traded hands, compared to its average volume of 1,060,282. The firm has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $2.77. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.06 and a current ratio of 1.20. The firm has a market capitalization of $52.14 million, a PE ratio of -1.40 and a beta of 0.60. Sportsman’s Warehouse has a 12 month low of $0.92 and a 12 month high of $4.33.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data 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). Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. The firm had revenue of $331.32 million for the quarter, compared to analysts’ expectations of $331.11 million. On average, research analysts forecast that Sportsman’s Warehouse will post -0.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Sportsman’s Warehouse in a research report on Monday, December 22nd. Robert W. Baird lowered their target price on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a research note on Friday, December 5th. Roth Capital reduced their price objective on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a research report on Friday, December 5th. Lake Street Capital boosted their price target on shares of Sportsman’s Warehouse from $3.00 to $3.50 and gave the stock a “buy” rating in a research note on Friday, September 5th. Finally, Wall Street Zen lowered Sportsman’s Warehouse from a “hold” rating to a “sell” rating in a research report on Saturday, December 20th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $2.88.

Insider Transactions at Sportsman’s Warehouse

In related news, Director Michael D. Tucci purchased 50,000 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was acquired at an average price of $2.81 per share, with a total value of $140,500.00. Following the completion of the purchase, the director directly owned 73,113 shares in the company, valued at $205,447.53. This trade represents a 216.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Paul Stone purchased 59,979 shares of Sportsman’s Warehouse stock in a transaction that occurred on Friday, October 3rd. The shares were purchased at an average price of $2.80 per share, for a total transaction of $167,941.20. Following the transaction, the chief executive officer directly owned 1,110,602 shares in the company, valued at $3,109,685.60. This represents a 5.71% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 143,279 shares of company stock valued at $390,609. 1.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SPWH. Vanguard Personalized Indexing Management LLC bought a new position in shares of Sportsman’s Warehouse during the 2nd quarter worth approximately $45,000. Dynamic Technology Lab Private Ltd acquired a new stake in Sportsman’s Warehouse during the 2nd quarter valued at approximately $53,000. Prudential Financial Inc. acquired a new stake in Sportsman’s Warehouse during the 2nd quarter worth about $56,000. Stratos Wealth Partners LTD. raised its holdings in Sportsman’s Warehouse by 50.0% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company’s stock worth $62,000 after purchasing an additional 6,000 shares during the period. Finally, Centiva Capital LP purchased a new stake in Sportsman’s Warehouse in the 3rd quarter worth $63,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

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.