Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

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.

Wall Street Analyst Weigh In

SPWH has been the topic of a number of recent research reports. Roth Mkm decreased 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 research note on Tuesday, September 10th. StockNews.com raised shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, November 30th. B. Riley raised Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and raised their price target for the company from $2.00 to $4.00 in a report on Wednesday, December 11th. Lake Street Capital decreased their price objective on 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 dropped their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.20.

Sportsman’s Warehouse Stock Down 0.4 %

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 company has a market cap of $101.35 million, a price-to-earnings ratio of -3.03 and a beta of 0.59. The stock has a fifty day moving average price of $2.40 and a two-hundred day moving average price of $2.44.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. SkyView Investment Advisors LLC grew its holdings in shares of Sportsman’s Warehouse by 5.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 184,563 shares of the company’s stock valued at $500,000 after purchasing an additional 9,332 shares during the last quarter. Barclays PLC raised its stake in shares of Sportsman’s Warehouse by 25,025.0% during the third quarter. Barclays PLC now owns 38,190 shares of the company’s stock valued at $103,000 after acquiring an additional 38,038 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sportsman’s Warehouse by 2.4% during 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. XTX Topco Ltd bought a new stake in shares of Sportsman’s Warehouse in the third quarter worth $107,000. Finally, Jane Street Group LLC increased its holdings 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 valued at $611,000 after purchasing an additional 32,073 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.