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

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) 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.

Analysts Set New Price Targets

Several equities analysts recently commented on SPWH shares. Lake Street Capital dropped their price objective on 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. StockNews.com raised Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th. B. Riley raised Sportsman's Warehouse from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $2.00 to $4.00 in a report on Wednesday, December 11th. Craig Hallum lowered their price objective 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. Finally, Robert W. Baird cut their target price 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 equities research 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 company's stock. According to data from MarketBeat, Sportsman's Warehouse has an average rating of "Moderate Buy" and an average target price of $3.20.

Sportsman's Warehouse Stock Performance

The business has a 50 day moving average of $2.40 and a 200-day moving average of $2.44. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.20. The company has a market capitalization of $101.35 million, a P/E ratio of -3.03 and a beta of 0.59.

Institutional Investors Weigh In On Sportsman's Warehouse

Several hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC grew 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 acquiring an additional 174,858 shares in the last quarter. Portolan Capital Management LLC bought a new position in Sportsman's Warehouse in the 3rd quarter valued at $2,565,000. GSA Capital Partners LLP grew its position 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 valued at $1,475,000 after purchasing an additional 473,212 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Sportsman's Warehouse by 2.4% in the third 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 during the period. Finally, Jane Street Group LLC raised its position in shares of 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 buying an additional 32,073 shares in the last quarter. 83.04% of the stock is currently owned by 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.