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

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report)'s share price passed 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SPWH shares. Lake Street Capital decreased their target price on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a research report on Wednesday, September 4th. Robert W. Baird decreased their price target on shares of Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating on the stock in a report on Wednesday, September 4th. 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. Craig Hallum reduced their price objective on shares of 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 reduced their price target on shares of Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sportsman's Warehouse presently has an average rating of "Hold" and a consensus price target of $2.80.

Sportsman's Warehouse Price Performance

The stock's 50 day moving average is $2.57 and its two-hundred day moving average is $2.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a market capitalization of $101.06 million, a PE ratio of -2.93 and a beta of 0.67.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) 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 firm had revenue of $288.73 million for the quarter, compared to analysts' expectations of $284.00 million. As a group, sell-side analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.74 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sportsman's Warehouse news, Director Richard D. Mcbee purchased 20,000 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average cost of $2.55 per share, with a total value of $51,000.00. Following the acquisition, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Paul Stone purchased 39,920 shares of Sportsman's Warehouse stock in a transaction on Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the acquisition, the chief executive officer now directly owns 904,157 shares in the company, valued at approximately $2,296,558.78. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Richard D. Mcbee purchased 20,000 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost of $2.55 per share, with a total value of $51,000.00. Following the completion of the acquisition, the director now directly owns 205,608 shares in the company, valued at $524,300.40. The trade was 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 currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System acquired a new position in Sportsman's Warehouse during the first quarter worth $38,000. Point72 DIFC Ltd acquired a new stake in shares of Sportsman's Warehouse during the 2nd quarter worth approximately $40,000. Abacus Planning Group Inc. bought a new position in shares of Sportsman's Warehouse in the 3rd quarter worth $55,000. Quadrature Capital Ltd bought a new position in Sportsman's Warehouse during the 4th quarter valued at $88,000. Finally, Virtu Financial LLC bought a new stake in shares of Sportsman's Warehouse during the 1st quarter worth $85,000. Institutional investors own 83.04% of the company's stock.

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.