Sportsman’s Warehouse (NASDAQ:SPWH) Stock Breaks Above 50 Day Moving Average – What’s Next?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s share price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $1.14 and traded as high as $1.1750. Sportsman’s Warehouse shares last traded at $1.16, with a volume of 465,773 shares traded.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SPWH shares. Zacks Research lowered Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 6th. Weiss Ratings cut Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Sportsman’s Warehouse in a research report on Tuesday. They set a “buy” rating and a $2.60 target price for the company. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $2.28.

Sportsman’s Warehouse Price Performance

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.17. The firm has a market cap of $45.40 million, a price-to-earnings ratio of -0.94 and a beta of 0.46. The company’s fifty day moving average is $1.14 and its two-hundred day moving average is $1.27.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, September 1st. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. The firm had revenue of $295.58 million during the quarter, compared to analysts’ expectations of $295.05 million. Equities research analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.31 EPS for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Institutional investors and hedge funds have recently modified their holdings of the stock. Union Square Park Capital Management LLC raised its holdings in shares of Sportsman’s Warehouse by 9.3% during the 1st quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock valued at $3,667,000 after buying an additional 222,121 shares during the period. JB Capital Partners LP acquired a new position in Sportsman’s Warehouse during the 2nd quarter worth approximately $2,275,356. Gabelli Funds LLC lifted its position in Sportsman’s Warehouse by 1.6% during the 1st quarter. Gabelli Funds LLC now owns 1,199,501 shares of the company’s stock worth $1,691,000 after acquiring an additional 18,850 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in Sportsman’s Warehouse by 1.6% in the 1st quarter. Gamco Investors INC. ET AL now owns 712,500 shares of the company’s stock worth $1,005,000 after acquiring an additional 11,000 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Sportsman’s Warehouse by 125.9% in the 1st quarter. Renaissance Technologies LLC now owns 484,300 shares of the company’s stock worth $683,000 after acquiring an additional 269,930 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

Sportsman’s Warehouse Holdings, Inc (NASDAQ:SPWH) operates a specialty outdoor sporting goods retailer serving hunting, shooting, fishing, camping, hiking and other outdoor recreation markets. The company sells products through its retail stores and e-commerce platform, offering merchandise for outdoor enthusiasts as well as equipment and supplies for recreational and competitive sportsmen and women.

Its product assortment generally includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor apparel, footwear, optics, knives and related accessories.