Sportsman’s Warehouse (NASDAQ:SPWH) Stock Passes Below Two Hundred Day Moving Average of $3.95

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWHGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.95 and traded as low as $3.29. Sportsman’s Warehouse shares last traded at $3.35, with a volume of 263,469 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Robert W. Baird lowered their price objective on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. B. Riley dropped their price objective on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th.

Get Our Latest Report on Sportsman’s Warehouse

Sportsman’s Warehouse Price Performance

The company has a market capitalization of $126.03 million, a price-to-earnings ratio of -4.29 and a beta of 0.76. The firm’s 50-day simple moving average is $3.23 and its two-hundred day simple moving average is $3.95.

Sportsman’s Warehouse (NASDAQ:SPWHGet Free Report) last released its quarterly earnings results on Wednesday, April 10th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.10. The business had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $373.61 million. Sportsman’s Warehouse had a negative return on equity of 8.86% and a negative net margin of 2.25%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.33 EPS. On average, analysts expect that Sportsman’s Warehouse Holdings, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. State Board of Administration of Florida Retirement System acquired a new stake in Sportsman’s Warehouse in the 1st quarter valued at about $38,000. Abacus Planning Group Inc. acquired a new stake in shares of Sportsman’s Warehouse in the fourth quarter valued at approximately $81,000. Quadrature Capital Ltd acquired a new position in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $88,000. Teton Advisors Inc. raised its position in shares of Sportsman’s Warehouse by 20.0% during the 3rd quarter. Teton Advisors Inc. now owns 60,000 shares of the company’s stock worth $269,000 after purchasing an additional 10,000 shares during the last quarter. Finally, Barclays PLC lifted its stake in Sportsman’s Warehouse by 185.8% in the 3rd quarter. Barclays PLC now owns 73,703 shares of the company’s stock valued at $331,000 after buying an additional 47,912 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Sportsman’s Warehouse Company Profile

(Get Free Report)

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.

Further Reading

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