Sportsman's Warehouse (SPWH) Soars 1.22% on Insider Buying, Q1 Earnings

Sportsman's Warehouse (SPWH) shares surged 1.22% today, marking the 10th consecutive day of gains, with a remarkable 120.11% increase over the past 10 days. The stock price reached its highest level since June 2024, with an intraday gain of 1.95%.

The strategy of buying SPWH shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -12.5%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for SPWH.

One of the key drivers behind the recent surge in Sportsman's Warehouse stock price is significant insider activity. On June 11, 2025, the company's President & CEO, Paul Stone, purchased 24,002 shares, valued at $74,886. This substantial insider purchase is widely seen as a strong vote of confidence in the company's future prospects, reassuring investors about the management's optimism and strategic direction.

Additionally, positive developments following the Q1 earnings report have further bolstered investor sentiment. Analysts have raised their price targets for Sportsman's Warehouse, citing an earlier-than-expected turnaround. Key factors contributing to this optimism include a 2% increase in same-store sales, breaking a 14-quarter streak of decline, a strong Q1 earnings beat, positive comps for the first time in four years, and improved operating margins. These developments have collectively contributed to the recent stock price increase, despite ongoing financial challenges such as a reported net loss and pressure on gross margins.