Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) passed 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 trading hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on SPWH. Lake Street Capital lowered their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, September 4th. Craig Hallum lowered their price target on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Roth Mkm reduced their price objective 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 lowered their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating for the company in a research note on Wednesday, September 4th. Finally, Robert W. Baird dropped their target price on Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating for the company 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sportsman’s Warehouse has a consensus rating of “Hold” and a consensus target price of $2.80.

Sportsman’s Warehouse Trading Down 3.3 %

The stock’s 50-day simple moving average is $2.65 and its 200-day simple moving average is $2.72. 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 firm has a market capitalization of $98.52 million, a PE ratio of -3.11 and a beta of 0.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The firm had revenue of $288.73 million during the quarter, compared to the consensus estimate of $284.00 million. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current fiscal year.

Insider Activity at Sportsman’s Warehouse

In other news, Director Richard D. Mcbee purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were purchased 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 in the company, valued at $524,300.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Sportsman’s Warehouse news, CEO Paul Stone purchased 39,920 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, for a total transaction of $101,396.80. Following the completion of the transaction, the chief executive officer now owns 904,157 shares of the company’s stock, valued at approximately $2,296,558.78. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Richard D. Mcbee acquired 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, with a total value of $51,000.00. Following the completion of the purchase, the director now directly owns 205,608 shares in the company, valued at $524,300.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Institutional Trading of Sportsman’s Warehouse

Several institutional investors and hedge funds have recently modified their holdings of SPWH. Cubist Systematic Strategies LLC bought a new stake in shares of Sportsman’s Warehouse during the second quarter valued at approximately $384,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Sportsman’s Warehouse by 19.5% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 744,738 shares of the company’s stock valued at $2,316,000 after purchasing an additional 121,731 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Sportsman’s Warehouse in the second quarter worth approximately $199,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sportsman’s Warehouse in the second quarter worth $146,000. Finally, Kennedy Capital Management LLC purchased a new position in Sportsman’s Warehouse in the 1st quarter worth about $187,000. 83.04% of the stock is currently owned by institutional investors.

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.