Short Interest in Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH) Expands By 184.9%

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,960,000 shares, a growth of 184.9% from the March 31st total of 687,900 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is currently 0.8 days. Approximately 5.5% of the company's stock are short sold.

Hedge Funds Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Portolan Capital Management LLC boosted its position in shares of Sportsman's Warehouse by 146.7% in the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock valued at $6,232,000 after acquiring an additional 1,387,935 shares during the period. Union Square Park Capital Management LLC boosted its position in shares of Sportsman's Warehouse by 15.0% in the fourth quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company's stock valued at $4,489,000 after acquiring an additional 219,210 shares during the period. Marshall Wace LLP boosted its position in shares of Sportsman's Warehouse by 365.9% in the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after acquiring an additional 945,438 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Sportsman's Warehouse by 1.3% in the fourth quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company's stock valued at $1,482,000 after acquiring an additional 6,972 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Sportsman's Warehouse by 79.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 545,398 shares of the company's stock valued at $1,456,000 after acquiring an additional 242,222 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on SPWH. B. Riley reaffirmed a "buy" rating and set a $3.00 target price (down previously from $4.00) on shares of Sportsman's Warehouse in a report on Wednesday, April 2nd. Roth Mkm decreased their price target on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a research report on Wednesday, April 2nd. Finally, Craig Hallum raised shares of Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $2.80.

Sportsman's Warehouse Stock Down 0.3 %

NASDAQ:SPWH traded down $0.01 during mid-day trading on Thursday, reaching $1.67. The stock had a trading volume of 262,097 shares, compared to its average volume of 993,123. Sportsman's Warehouse has a fifty-two week low of $0.92 and a fifty-two week high of $4.44. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.20 and a quick ratio of 0.06. The business's 50 day moving average is $1.36 and its 200 day moving average is $1.98. The stock has a market cap of $63.75 million, a P/E ratio of -1.89 and a beta of 0.75.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.12. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. The company had revenue of $340.40 million for the quarter, compared to the consensus estimate of $328.67 million. As a group, sell-side analysts predict that Sportsman's Warehouse will post -0.65 earnings per share for the current year.

About Sportsman's Warehouse

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.