Sportsman’s Warehouse (NASDAQ:SPWH) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.35 and traded as low as $1.1608. Sportsman’s Warehouse shares last traded at $1.17, with a volume of 355,063 shares traded.

Wall Street Analysts Forecast Growth

SPWH has been the subject of a number of research reports. Zacks Research upgraded Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Weiss Ratings upgraded Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. Finally, Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $2.58.

Sportsman’s Warehouse Price Performance

The company has a market capitalization of $45.65 million, a P/E ratio of -0.90 and a beta of 0.41. The stock’s fifty day simple moving average is $1.29 and its 200-day simple moving average is $1.35. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.18 and a quick ratio of 0.07.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.19. The business had revenue of $256.08 million for the quarter, compared to the consensus estimate of $252.30 million. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. During the same quarter last year, the company posted ($0.56) earnings per share. On average, equities analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post -0.34 earnings per share for the current fiscal year.

Institutional Trading of Sportsman’s Warehouse

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prescott Group Capital Management L.L.C. acquired a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at about $819,000. Union Square Park Capital Management LLC increased its position in shares of Sportsman’s Warehouse by 33.5% during the fourth quarter. Union Square Park Capital Management LLC now owns 2,378,681 shares of the company’s stock worth $3,473,000 after acquiring an additional 596,658 shares during the last quarter. Gabelli Funds LLC grew its position in shares of Sportsman’s Warehouse by 15.3% during the fourth quarter. Gabelli Funds LLC now owns 1,180,651 shares of the company’s stock worth $1,724,000 after buying an additional 156,978 shares in the last quarter. Teton Advisors LLC increased its holdings in Sportsman’s Warehouse by 14.3% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after buying an additional 10,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of 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 buying an additional 11,000 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.