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

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.35 and traded as low as $1.27. Sportsman’s Warehouse shares last traded at $1.28, with a volume of 374,481 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SPWH shares. 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 shares of Sportsman’s Warehouse from a “neutral” rating to a “buy” rating and increased their target price for the company from $2.00 to $4.00 in a report on Wednesday, December 11th. Three research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Sportsman’s Warehouse Stock Performance

The firm has a market cap of $48.58 million, a P/E ratio of -1.45 and a beta of 0.48. The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $2.08 and its 200-day simple moving average is $2.35.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, December 10th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.09. Sportsman’s Warehouse had a negative net margin of 2.69% and a negative return on equity of 11.72%. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Institutional Investors Weigh In On Sportsman’s Warehouse

A number of large investors have recently added to or reduced their stakes in SPWH. FMR LLC lifted its position in shares of Sportsman’s Warehouse by 3.3% in the 3rd quarter. FMR LLC now owns 5,441,705 shares of the company’s stock worth $14,747,000 after purchasing an additional 174,858 shares during the period. Portolan Capital Management LLC lifted its position in shares of Sportsman’s Warehouse by 146.7% in the 4th quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company’s stock worth $6,232,000 after purchasing an additional 1,387,935 shares during the period. Union Square Park Capital Management LLC lifted its position 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 worth $4,489,000 after purchasing an additional 219,210 shares during the period. Marshall Wace LLP lifted its position in shares of Sportsman’s Warehouse by 365.9% in the 4th quarter. Marshall Wace LLP now owns 1,203,805 shares of the company’s stock worth $3,214,000 after purchasing an additional 945,438 shares during the period. Finally, Gamco Investors INC. ET AL lifted its position in shares of Sportsman’s Warehouse by 1.3% in the 4th quarter. Gamco Investors INC. ET AL now owns 555,047 shares of the company’s stock worth $1,482,000 after purchasing an additional 6,972 shares during the period. Institutional investors own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

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.