Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

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 $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.

Sportsman’s Warehouse Stock Performance

The firm has a market capitalization of $42.13 million, a price-to-earnings ratio of -1.26 and a beta of 0.53. The company has a fifty day moving average of $1.82 and a two-hundred day moving average of $2.28. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.06 and a current ratio of 1.20.

Sportsman’s Warehouse (NASDAQ:SPWH) 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.