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

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totalling 2,660,000 shares, a decrease of 18.9% from the March 31st total of 3,280,000 shares. Approximately 6.2% of the company’s stock are short sold. Based on an average daily volume of 769,800 shares, the days-to-cover ratio is currently 3.5 days.

Institutional investors have recently made changes to their positions in the stock. Havens Advisors LLC bought a new position in Sportsman’s Warehouse in the 1st quarter valued at $2,845,000. Dimensional Fund Advisors LP grew its stake in Sportsman’s Warehouse by 2.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,354,665 shares of the company’s stock valued at $23,775,000 after purchasing an additional 31,443 shares during the period. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Sportsman’s Warehouse in the 4th quarter valued at $98,000. UBS Asset Management Americas Inc. bought a new position in Sportsman’s Warehouse in the 4th quarter valued at $209,000. Finally, Principal Financial Group Inc. grew its stake in Sportsman’s Warehouse by 55.5% in the 4th quarter. Principal Financial Group Inc. now owns 60,271 shares of the company’s stock valued at $1,058,000 after purchasing an additional 21,507 shares during the period. Institutional investors and hedge funds own 92.96% of the company’s stock.

Sportsman’s Warehouse stock traded up $0.04 during trading on Tuesday, hitting $17.65. 20,052 shares of the company were exchanged, compared to its average volume of 913,199. The business’s 50 day moving average is $17.43 and its 200 day moving average is $16.22. Sportsman’s Warehouse has a 52 week low of $7.01 and a 52 week high of $18.46. The company has a market capitalization of $771.66 million, a P/E ratio of 11.01 and a beta of 1.06. The company has a current ratio of 1.26, a quick ratio of 0.12 and a debt-to-equity ratio of 0.05.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, March 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.31. Sportsman’s Warehouse had a return on equity of 55.83% and a net margin of 5.62%. The business had revenue of $438.20 million during the quarter, compared to the consensus estimate of $375.50 million. Equities analysts expect that Sportsman’s Warehouse will post 1.93 EPS for the current year.

Separately, Credit Suisse Group lowered Sportsman’s Warehouse from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.00 in a research report on Thursday, January 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.70.

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 clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.

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