Sportsman’s Warehouse (NASDAQ:SPWH) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $1.18 and traded as high as $1.2450. Sportsman’s Warehouse shares last traded at $1.17, with a volume of 344,610 shares trading hands.

Wall Street Analyst Weigh In

SPWH has been the subject of several recent research reports. Weiss Ratings upgraded Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. Zacks Research lowered shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.12.

Sportsman’s Warehouse Stock Up 0.9%

The stock has a 50-day moving average of $1.18 and a two-hundred day moving average of $1.29. The company has a market cap of $46.19 million, a P/E ratio of -0.96 and a beta of 0.42. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.17.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Tuesday, September 1st. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. The firm had revenue of $295.58 million for the quarter, compared to the consensus estimate of $295.05 million. On average, research analysts anticipate that Sportsman’s Warehouse Holdings, Inc. will post -0.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several institutional investors have recently added to or reduced their stakes in SPWH. Two Sigma Securities LLC purchased a new stake in Sportsman’s Warehouse in the 2nd quarter worth approximately $25,000. Squarepoint Ops LLC bought a new position in shares of Sportsman’s Warehouse in the 2nd quarter worth about $28,000. Teton Advisors LLC lifted its holdings in shares of Sportsman’s Warehouse by 14.3% during the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after purchasing an additional 10,000 shares during the last quarter. NewEdge Advisors LLC bought a new stake in Sportsman’s Warehouse in the first quarter worth $170,000. Finally, Empowered Funds LLC boosted its stake in Sportsman’s Warehouse by 5.6% in the 1st quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after purchasing an additional 10,837 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc operates specialty sporting-goods stores and an e-commerce platform serving outdoor enthusiasts in the United States. The company focuses on products for hunting, shooting, fishing, camping, hiking and other outdoor activities.

Its merchandise includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor footwear and apparel, optics, knives, footwear, and related accessories. Sportsman’s Warehouse also provides services such as firearm transfers, gunsmithing, hunting and fishing licenses, and equipment-related support at select locations.

Founded in 1986, the company is headquartered in Utah and has historically maintained a store presence concentrated in the western United States, including Alaska, while its online business allows it to serve customers more broadly.