Sportsman’s Warehouse (NASDAQ:SPWH) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.40 and traded as high as $2.83. Sportsman’s Warehouse shares last traded at $2.67, with a volume of 784,611 shares changing hands.

Analyst Ratings Changes

Several research firms have issued reports on SPWH. Roth Mkm cut their price target on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating on the stock in a report on Tuesday, September 10th. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. Lake Street Capital dropped their price objective 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. Craig Hallum cut their price target on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, B. Riley raised shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and lifted their price target for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

Sportsman’s Warehouse Price Performance

The company has a 50 day moving average of $2.40 and a 200 day moving average of $2.44. The stock has a market capitalization of $97.55 million, a price-to-earnings ratio of -2.92 and a beta of 0.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.20.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors and hedge funds have recently made changes to their positions in SPWH. FMR LLC raised its position in Sportsman’s Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after purchasing an additional 174,858 shares during the last quarter. Portolan Capital Management LLC acquired a new position in Sportsman’s Warehouse during the 3rd quarter worth approximately $2,565,000. GSA Capital Partners LLP lifted its holdings in Sportsman’s Warehouse by 665.0% in the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock valued at $1,475,000 after acquiring an additional 473,212 shares during the period. Geode Capital Management LLC boosted its position in shares of Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock worth $1,176,000 after purchasing an additional 10,058 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Sportsman’s Warehouse by 16.6% in the 3rd quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock valued at $611,000 after purchasing an additional 32,073 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Sportsman’s Warehouse Company Profile

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.