Sportsman’s Warehouse (NASDAQ:SPWH) Shares Cross Below 200 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 traded.

Wall Street Analysts Forecast Growth

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

Sportsman’s Warehouse Stock Performance

The stock has a 50-day moving average of $3.37 and a 200-day moving average of $4.12. The firm has a market cap of $123.77 million, a price-to-earnings ratio of -4.22 and a beta of 0.76.

Sportsman’s Warehouse (NASDAQ:SPWH) last announced its earnings results on Wednesday, April 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $373.61 million. During the same quarter last year, the firm earned $0.33 EPS. Sportsman’s Warehouse’s revenue for the quarter was down 2.3% compared to the same quarter last year. Sell-side analysts predict that Sportsman’s Warehouse Holdings, Inc. will post 0.02 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPWH. FMR LLC increased its position in shares of Sportsman’s Warehouse by 2,861.4% during the 3rd 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 during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $2,488,000. AWH Capital L.P. acquired a new position in shares of Sportsman’s Warehouse during the 3rd quarter worth approximately $1,167,000. Gamco Investors INC. ET AL increased its position 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 worth $2,152,000 after purchasing an additional 95,500 shares during the last quarter. Finally, CastleKnight Management LP acquired a new position in shares of Sportsman’s Warehouse during the 4th quarter worth approximately $384,000. 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.