Sportsman’s Warehouse (NASDAQ:SPWH) Shares Pass Below Two Hundred Day Moving Average of $4.12

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.12 and traded as low as $3.19. Sportsman’s Warehouse shares last traded at $3.29, with a volume of 273,642 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPWH. StockNews.com raised shares of Sportsman’s Warehouse to a “sell” rating in a research note on Thursday, January 11th. Robert W. Baird decreased their price objective on shares of Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. Finally, B. Riley decreased their price objective on shares of Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th.

Sportsman’s Warehouse Trading Up 0.3 %

The company has a market cap of $124.15 million, a price-to-earnings ratio of -4.23 and a beta of 0.76. The firm’s 50-day moving average price is $3.34 and its 200 day moving average price is $4.11.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its quarterly earnings data on Wednesday, April 10th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.10. Sportsman’s Warehouse had a negative net margin of 2.25% and a negative return on equity of 8.86%. The company had revenue of $370.39 million during the quarter, compared to the consensus estimate of $373.61 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Analysts forecast that Sportsman’s Warehouse Holdings, Inc. will post 0.02 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently added to or reduced their stakes in SPWH. Quadrature Capital Ltd bought a new stake in Sportsman’s Warehouse in the 4th quarter worth approximately $88,000. GSA Capital Partners LLP bought a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $2,488,000. Fund 1 Investments LLC bought a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $375,000. CastleKnight Management LP bought a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $384,000. Finally, Abacus Planning Group Inc. bought a new stake in Sportsman’s Warehouse in the fourth quarter valued at approximately $81,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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.