Sportsman’s Warehouse (NASDAQ:SPWH) Shares Pass Above Fifty Day Moving Average – Here’s Why

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.56 and traded as high as $2.91. Sportsman’s Warehouse shares last traded at $2.70, with a volume of 251,120 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Lake Street Capital reduced their target price on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, September 4th. B. Riley lowered their target price on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. Roth Mkm cut their price target on Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a research note on Tuesday, September 10th. Robert W. Baird decreased their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, Craig Hallum cut their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $2.80.

Sportsman’s Warehouse Stock Down 6.2 %

The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The firm’s fifty day moving average price is $2.56 and its 200-day moving average price is $2.76. The company has a market cap of $102.20 million, a price-to-earnings ratio of -2.97 and a beta of 0.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The business had revenue of $288.73 million for the quarter, compared to the consensus estimate of $284.00 million. Sell-side analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.74 earnings per share for the current year.

Insider Activity at Sportsman’s Warehouse

In related news, CEO Paul Stone bought 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The shares were purchased at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. This represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other Sportsman’s Warehouse news, Director Richard D. Mcbee purchased 20,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were purchased at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the purchase, the director now owns 205,608 shares of the company’s stock, valued at approximately $524,300.40. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Paul Stone purchased 39,920 shares of the firm’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the purchase, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Sportsman’s Warehouse

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sportsman’s Warehouse by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company’s stock valued at $5,991,000 after acquiring an additional 33,976 shares during the last quarter. Gabelli Funds LLC lifted its stake in Sportsman’s Warehouse by 2.5% in the 1st quarter. Gabelli Funds LLC now owns 1,257,829 shares of the company’s stock valued at $3,912,000 after purchasing an additional 31,000 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Sportsman’s Warehouse by 19.5% in the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after purchasing an additional 121,731 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Sportsman’s Warehouse by 3.0% during the first quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company’s stock worth $1,609,000 after buying an additional 15,200 shares during the last quarter. Finally, Skylands Capital LLC increased its position in Sportsman’s Warehouse by 44.6% during the second quarter. Skylands Capital LLC now owns 194,000 shares of the company’s stock worth $468,000 after buying an additional 59,800 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

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.