Sportsman's Warehouse (NASDAQ:SPWH) Stock Price Passes Above 50 Day Moving Average - What's Next?

Key Points

• Sportsman's Warehouse shares have crossed above their 50-day moving average of $3.12, trading as high as $3.69 during recent sessions.
• Analysts have revised price targets for Sportsman's Warehouse, with B. Riley setting a target of $4.00 and Roth Capital increasing theirs to $4.25, indicating a generally optimistic outlook.
• The company recently reported an EPS of ($0.41), outperforming expectations, while revenue for the quarter was higher than analysts' forecasts at $249.10 million.

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $3.12 and traded as high as $3.69. Sportsman's Warehouse shares last traded at $3.52, with a volume of 170,228 shares.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SPWH shares. Roth Capital increased their price objective on Sportsman's Warehouse from $3.00 to $4.25 and gave the stock a "buy" rating in a report on Wednesday, July 16th. B. Riley reiterated a "buy" rating and issued a $4.00 price objective (up previously from $3.00) on shares of Sportsman's Warehouse in a report on Wednesday, June 4th. Craig Hallum upgraded Sportsman's Warehouse from a "hold" rating to a "buy" rating and set a $3.00 price objective for the company in a report on Wednesday, April 2nd. Finally, Roth Mkm decreased their price objective on Sportsman's Warehouse from $3.50 to $2.50 and set a "buy" rating for the company in a report on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.21.

Sportsman's Warehouse Price Performance

The company has a quick ratio of 0.08, a current ratio of 1.17 and a debt-to-equity ratio of 0.11. The firm has a fifty day moving average price of $3.17 and a two-hundred day moving average price of $2.17. The stock has a market capitalization of $130.10 million, a P/E ratio of -3.53 and a beta of 0.67.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.48) by $0.07. Sportsman's Warehouse had a negative return on equity of 7.65% and a negative net margin of 3.01%. The firm had revenue of $249.10 million during the quarter, compared to the consensus estimate of $238.25 million. During the same period last year, the company earned ($0.47) earnings per share. On average, analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Insider Transactions at Sportsman's Warehouse

In other news, Director Richard D. Mcbee bought 75,000 shares of the company's stock in a transaction on Thursday, June 5th. The shares were acquired at an average cost of $2.68 per share, with a total value of $201,000.00. Following the completion of the transaction, the director owned 339,886 shares of the company's stock, valued at approximately $910,894.48. This trade represents a 28.31% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPWH. R Squared Ltd boosted its position in Sportsman's Warehouse by 153.2% in the first quarter. R Squared Ltd now owns 31,170 shares of the company's stock worth $31,000 after purchasing an additional 18,860 shares during the last quarter. Balyasny Asset Management L.P. purchased a new position in Sportsman's Warehouse in the fourth quarter worth about $33,000. Mink Brook Asset Management LLC purchased a new position in Sportsman's Warehouse in the fourth quarter worth about $41,000. Vanguard Personalized Indexing Management LLC purchased a new position in shares of Sportsman's Warehouse during the 2nd quarter valued at about $45,000. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Sportsman's Warehouse by 50.0% during the 2nd quarter. Stratos Wealth Partners LTD. now owns 18,000 shares of the company's stock valued at $62,000 after buying an additional 6,000 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 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.