Sportsman’s Warehouse (NASDAQ:SPWH) Stock Crosses Below 200 Day Moving Average – Here’s Why

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.29 and traded as low as $1.33. Sportsman’s Warehouse shares last traded at $1.35, with a volume of 86,724 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on SPWH shares. Wall Street Zen upgraded shares of Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Robert W. Baird decreased their price target on Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating for the company in a research note on Friday, December 5th. Roth Mkm lowered their price objective on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating on the stock in a report on Friday, December 5th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Sportsman’s Warehouse presently has an average rating of “Moderate Buy” and a consensus price target of $2.95.

Sportsman’s Warehouse Stock Down 2.2%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06. The firm has a market capitalization of $51.95 million, a P/E ratio of -1.39 and a beta of 0.58. The business has a 50 day moving average price of $1.46 and a 200 day moving average price of $2.29.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Thursday, December 4th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.01). The business had revenue of $331.32 million for the quarter, compared to the consensus estimate of $331.11 million. Sportsman’s Warehouse had a negative net margin of 3.05% and a negative return on equity of 7.20%. On average, analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.65 earnings per share for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently bought and sold shares of SPWH. Empowered Funds LLC boosted its holdings in Sportsman’s Warehouse by 11.3% in the 4th quarter. Empowered Funds LLC now owns 192,358 shares of the company’s stock valued at $281,000 after purchasing an additional 19,465 shares during the period. Prescott Group Capital Management L.L.C. acquired a new position in shares of Sportsman’s Warehouse during the fourth quarter valued at about $819,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Sportsman’s Warehouse by 1.5% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 635,830 shares of the company’s stock valued at $928,000 after buying an additional 9,450 shares during the period. Gamco Investors INC. ET AL grew its position in Sportsman’s Warehouse by 28.5% during the fourth quarter. Gamco Investors INC. ET AL now owns 701,500 shares of the company’s stock worth $1,024,000 after buying an additional 155,500 shares in the last quarter. Finally, Gabelli Funds LLC increased its stake in Sportsman’s Warehouse by 15.3% during the fourth quarter. Gabelli Funds LLC now owns 1,180,651 shares of the company’s stock valued at $1,724,000 after acquiring an additional 156,978 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Sportsman’s Warehouse Company Profile

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.