Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.35 and traded as low as $1.1608. Sportsman’s Warehouse shares last traded at $1.17, with a volume of 355,063 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SPWH shares. Zacks Research raised shares of Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Weiss Ratings raised Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.58.

Sportsman’s Warehouse Stock Performance

The company has a quick ratio of 0.07, a current ratio of 1.18 and a debt-to-equity ratio of 0.27. The stock has a market cap of $45.65 million, a P/E ratio of -0.90 and a beta of 0.41. The firm’s 50-day moving average is $1.29 and its two-hundred day moving average is $1.35.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings results on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.58) by $0.19. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The company had revenue of $256.08 million for the quarter, compared to analyst estimates of $252.30 million. During the same quarter in the prior year, the business posted ($0.56) EPS. As a group, research analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.34 EPS for the current year.

Institutional Trading of Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its stake in shares of Sportsman’s Warehouse by 5.6% during the 1st quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after acquiring an additional 10,837 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Sportsman’s Warehouse in the 1st quarter worth approximately $170,000. Union Square Park Capital Management LLC lifted its holdings in Sportsman’s Warehouse by 9.3% in the 1st quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock worth $3,667,000 after purchasing an additional 222,121 shares during the last quarter. Renaissance Technologies LLC boosted its position in Sportsman’s Warehouse by 125.9% during the first quarter. Renaissance Technologies LLC now owns 484,300 shares of the company’s stock worth $683,000 after purchasing an additional 269,930 shares during the period. Finally, Teton Advisors LLC boosted its position in Sportsman’s Warehouse by 14.3% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock worth $113,000 after purchasing an additional 10,000 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

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.