Sportsman’s Warehouse (NASDAQ:SPWH) Shares Pass Below Two Hundred Day Moving Average of $4.01

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.01 and traded as low as $3.15. Sportsman’s Warehouse shares last traded at $3.16, with a volume of 239,304 shares trading hands.

Analyst Ratings Changes

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

Sportsman’s Warehouse Price Performance

The business has a 50 day simple moving average of $3.26 and a 200 day simple moving average of $4.01. The stock has a market cap of $118.69 million, a PE ratio of -4.04 and a beta of 0.76.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of SPWH. FMR LLC boosted its holdings in Sportsman’s Warehouse by 2,861.4% in the third quarter. FMR LLC now owns 4,759,128 shares of the company’s stock worth $21,368,000 after purchasing an additional 4,598,421 shares in the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter worth about $2,488,000. AWH Capital L.P. bought a new stake in shares of Sportsman’s Warehouse during the 3rd quarter worth about $1,167,000. Gamco Investors INC. ET AL increased its holdings in shares of Sportsman’s Warehouse by 24.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 479,245 shares of the company’s stock valued at $2,152,000 after acquiring an additional 95,500 shares during the last quarter. Finally, CastleKnight Management LP bought a new position in shares of Sportsman’s Warehouse in the 4th quarter valued at approximately $384,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Sportsman’s Warehouse

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.