Sportsman’s Warehouse (NASDAQ:SPWH) Shares Cross Below 200-Day Moving Average – Time to Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.67 and traded as low as $2.29. Sportsman’s Warehouse shares last traded at $2.32, with a volume of 285,765 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on SPWH. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Tuesday, November 5th. B. Riley decreased their target price on Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 4th. Lake Street Capital lowered their target price 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 cut their price target on shares of 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, Roth Mkm lowered their price objective on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a research note on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” 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 current ratio of 1.22 and a quick ratio of 0.07. The firm has a 50 day moving average price of $2.72 and a 200-day moving average price of $2.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $284.00 million. Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP boosted its stake in shares of Sportsman’s Warehouse by 665.0% during the third quarter. GSA Capital Partners LLP now owns 544,373 shares of the company’s stock worth $1,475,000 after buying an additional 473,212 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $384,000. GABELLI & Co INVESTMENT ADVISERS INC. increased its holdings in shares of Sportsman’s Warehouse by 19.5% in the first 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 period. Squarepoint Ops LLC purchased a new stake in shares of Sportsman’s Warehouse during the second quarter worth approximately $199,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Sportsman’s Warehouse during the third quarter worth $168,000. 83.04% of the stock is owned by hedge funds and other 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.