Sportsman’s Warehouse (NASDAQ:SPWH) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) passed 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.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, November 30th. B. Riley upgraded shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $2.00 to $4.00 in a research note on Wednesday, December 11th. Roth Mkm cut their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research report on Tuesday, September 10th. Lake Street Capital decreased their price target on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, September 4th. Finally, Robert W. Baird cut their price objective on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sportsman’s Warehouse presently has an average rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Trading Down 3.7 %

The firm has a market capitalization of $97.55 million, a P/E ratio of -2.92 and a beta of 0.59. The company has a quick ratio of 0.07, a current ratio of 1.20 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $2.40 and a 200 day simple moving average of $2.44.

Institutional Investors Weigh In On Sportsman’s Warehouse

Institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its stake in Sportsman’s Warehouse by 3.3% during the third quarter. FMR LLC now owns 5,441,705 shares of the company’s stock valued at $14,747,000 after buying an additional 174,858 shares during the last quarter. Portolan Capital Management LLC bought a new stake in shares of Sportsman’s Warehouse in the 3rd quarter worth about $2,565,000. GSA Capital Partners LLP boosted its stake in shares of Sportsman’s Warehouse by 665.0% during the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after purchasing an additional 473,212 shares during the period. Geode Capital Management LLC grew its holdings in Sportsman’s Warehouse by 2.4% during the 3rd quarter. Geode Capital Management LLC now owns 434,022 shares of the company’s stock valued at $1,176,000 after purchasing an additional 10,058 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in Sportsman’s Warehouse by 16.6% in the third quarter. Jane Street Group LLC now owns 225,473 shares of the company’s stock worth $611,000 after purchasing an additional 32,073 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

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.