Sportsman’s Warehouse (NASDAQ:SPWH) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.72 and traded as low as $2.63. Sportsman’s Warehouse shares last traded at $2.80, with a volume of 490,662 shares traded.

Wall Street Analyst Weigh In

Several brokerages recently commented on SPWH. Roth Mkm decreased their price target on 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. B. Riley reduced their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Lake Street Capital dropped their price target on Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Robert W. Baird reduced their price objective on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Finally, Craig Hallum decreased their target price on Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. One analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.80.

Sportsman’s Warehouse Price Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.07 and a current ratio of 1.22. The company has a market capitalization of $105.69 million, a price-to-earnings ratio of -3.33 and a beta of 0.67. The company has a 50-day moving average price of $2.62 and a 200-day moving average price of $2.72.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.05). The firm had revenue of $288.73 million for the quarter, compared to analyst estimates of $284.00 million. Sportsman’s Warehouse had a negative net margin of 2.74% and a negative return on equity of 12.00%. On average, equities research analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current fiscal year.

Insider Buying and Selling at Sportsman’s Warehouse

In other Sportsman’s Warehouse news, Director Richard D. Mcbee purchased 20,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average price of $2.55 per share, with a total value of $51,000.00. Following the completion of the transaction, the director now directly owns 205,608 shares in the company, valued at $524,300.40. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Richard D. Mcbee purchased 20,000 shares of Sportsman’s Warehouse stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the acquisition, the director now directly owns 205,608 shares of the company’s stock, valued at $524,300.40. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul Stone acquired 39,920 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The shares were bought at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares of the company’s stock, valued at $2,296,558.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Ground Swell Capital LLC bought a new stake in Sportsman’s Warehouse in the 3rd quarter valued at approximately $28,000. Abacus Planning Group Inc. acquired a new stake in shares of Sportsman’s Warehouse in the third quarter valued at approximately $55,000. Point72 DIFC Ltd acquired a new stake in shares of Sportsman’s Warehouse in the second quarter valued at approximately $40,000. Cubist Systematic Strategies LLC bought a new stake in shares of Sportsman’s Warehouse in the second quarter worth $384,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Sportsman’s Warehouse during the second quarter worth $146,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

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.