Sportsman’s Warehouse (NASDAQ:SPWH) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.67 and traded as low as $2.29. Sportsman’s Warehouse shares last traded at $2.32, with a volume of 285,765 shares trading hands.

Wall Street Analyst Weigh In

SPWH has been the topic of several analyst reports. StockNews.com raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Roth Mkm cut their target price on shares of Sportsman’s Warehouse from $5.00 to $3.50 and set a “buy” rating for the company in a report on Tuesday, September 10th. B. Riley lowered their price target on shares of Sportsman’s Warehouse from $4.00 to $2.00 and set a “neutral” rating on the stock in a report on Wednesday, September 4th. Robert W. Baird dropped their price target on shares of Sportsman’s Warehouse from $4.00 to $2.50 and set a “neutral” rating on the stock in a research report on Wednesday, September 4th. Finally, Craig Hallum decreased their price objective on shares of Sportsman’s Warehouse from $4.00 to $3.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $2.80.

Sportsman’s Warehouse Stock Down 5.3 %

The company has a current ratio of 1.22, a quick ratio of 0.07 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $2.72 and its two-hundred day simple moving average is $2.67.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.05). Sportsman’s Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. The company had revenue of $288.73 million for the quarter, compared to analyst estimates of $284.00 million. As a group, equities research analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.74 EPS for the current year.

Insider Transactions at Sportsman’s Warehouse

In other news, CEO Paul Stone acquired 39,920 shares of Sportsman’s Warehouse stock in a transaction that occurred on Monday, September 9th. The stock was purchased at an average cost of $2.54 per share, with a total value of $101,396.80. Following the purchase, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Richard D. Mcbee acquired 20,000 shares of Sportsman’s Warehouse stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the director now owns 205,608 shares in the company, valued at $524,300.40. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Paul Stone bought 39,920 shares of the company’s stock in a transaction on Monday, September 9th. The stock was bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the completion of the acquisition, the chief executive officer now owns 904,157 shares in the company, valued at $2,296,558.78. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SPWH. Ground Swell Capital LLC acquired a new position in Sportsman’s Warehouse in the 3rd quarter valued at about $28,000. State Board of Administration of Florida Retirement System purchased a new position in Sportsman’s Warehouse in the first quarter worth approximately $38,000. Point72 DIFC Ltd acquired a new stake in Sportsman’s Warehouse during the second quarter worth $40,000. Abacus Planning Group Inc. purchased a new stake in Sportsman’s Warehouse in the third quarter valued at $55,000. Finally, Virtu Financial LLC acquired a new position in shares of Sportsman’s Warehouse in the 1st quarter valued at $85,000. Institutional investors and hedge funds 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.