Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Short Interest Update

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

Sportsman's Warehouse Stock Down 3.2 %

Shares of SPWH traded down $0.11 during mid-day trading on Friday, hitting $3.30. The stock had a trading volume of 380,511 shares, compared to its average volume of 788,760. Sportsman's Warehouse has a fifty-two week low of $2.74 and a fifty-two week high of $7.42. The company has a market cap of $124.15 million, a PE ratio of -4.23 and a beta of 0.76. The company's fifty day simple moving average is $3.46 and its two-hundred day simple moving average is $4.18.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 10th. The company reported ($0.20) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.10. Sportsman's Warehouse had a negative net margin of 2.25% and a negative return on equity of 8.86%. The business had revenue of $370.39 million during the quarter, compared to analyst estimates of $373.61 million. During the same period in the previous year, the business posted $0.33 EPS. The company's quarterly revenue was down 2.3% on a year-over-year basis. Equities analysts expect that Sportsman's Warehouse will post 0.02 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. Barclays PLC raised its stake in shares of Sportsman's Warehouse by 185.8% during the third quarter. Barclays PLC now owns 73,703 shares of the company's stock valued at $331,000 after purchasing an additional 47,912 shares in the last quarter. FMR LLC boosted its holdings in shares of Sportsman's Warehouse by 2,861.4% in the third quarter. FMR LLC now owns 4,759,128 shares of the company's stock valued at $21,368,000 after acquiring an additional 4,598,421 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in shares of Sportsman's Warehouse by 5.3% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 701,714 shares of the company's stock valued at $3,151,000 after acquiring an additional 35,300 shares during the period. SkyView Investment Advisors LLC raised its holdings in Sportsman's Warehouse by 3.4% during the third quarter. SkyView Investment Advisors LLC now owns 128,062 shares of the company's stock worth $575,000 after purchasing an additional 4,184 shares in the last quarter. Finally, Cannell Capital LLC lifted its position in Sportsman's Warehouse by 0.7% in the third quarter. Cannell Capital LLC now owns 3,715,808 shares of the company's stock worth $16,684,000 after purchasing an additional 26,436 shares during the period. Institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

SPWH has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price objective on Sportsman's Warehouse from $5.00 to $4.00 and set a "neutral" rating for the company in a research report on Thursday, April 4th. B. Riley dropped their price objective on shares of Sportsman's Warehouse from $4.50 to $4.00 and set a "neutral" rating for the company in a research note on Thursday, April 4th. Finally, StockNews.com upgraded shares of Sportsman's Warehouse to a "sell" rating in a report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sportsman's Warehouse has an average rating of "Hold" and a consensus price target of $7.25.

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.