Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH – Get Free Report)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.28 and traded as low as $1.03. Sportsman’s Warehouse shares last traded at $1.11, with a volume of 849,339 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. StockNews.com upgraded 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 upped their price objective for the stock from $2.00 to $4.00 in a research report on Wednesday, December 11th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.
Read Our Latest Stock Analysis on Sportsman’s Warehouse
Sportsman’s Warehouse Stock Performance
Sportsman’s Warehouse (NASDAQ:SPWH – Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. Sportsman’s Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, equities research analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Sportsman’s Warehouse
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Union Square Park Capital Management LLC increased its stake in shares of Sportsman’s Warehouse by 15.0% in the 4th quarter. Union Square Park Capital Management LLC now owns 1,681,456 shares of the company’s stock valued at $4,489,000 after purchasing an additional 219,210 shares during the last quarter. Soviero Asset Management LP bought a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at $668,000. Squarepoint Ops LLC increased its stake in shares of Sportsman’s Warehouse by 225.0% in the 4th quarter. Squarepoint Ops LLC now owns 165,178 shares of the company’s stock valued at $441,000 after purchasing an additional 114,353 shares during the last quarter. Two Sigma Advisers LP bought a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at $501,000. Finally, Two Sigma Investments LP bought a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at $716,000. 83.04% of the stock is owned by institutional investors and hedge funds.
About Sportsman’s Warehouse
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.
Further Reading
- Five stocks we like better than Sportsman’s Warehouse
- How Can Investors Benefit From After-Hours Trading
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- Investing in Commodities: What Are They? How to Invest in Them
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- What Are Some of the Best Large-Cap Stocks to Buy?
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Receive News & Ratings for Sportsman's Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sportsman's Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.