Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Passes Below 200-Day Moving Average of $4.01

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on SPWH shares. B. Riley reduced their target price 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. StockNews.com raised Sportsman’s Warehouse to a “sell” rating in a research report on Thursday, January 11th. Finally, Robert W. Baird dropped their target price 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.

Sportsman’s Warehouse Stock Down 1.1 %

The company’s fifty day moving average price is $3.26 and its two-hundred day moving average price is $4.01. The firm 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 released its earnings results on Wednesday, April 10th. The company reported ($0.20) earnings per share (EPS) for the quarter, topping 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 company had revenue of $370.39 million for the quarter, compared to analysts’ expectations of $373.61 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, analysts predict that Sportsman’s Warehouse Holdings, Inc. will post 0.02 earnings per share for the current year.

Hedge Funds Weigh In On Sportsman’s Warehouse

A number of institutional investors and hedge funds have recently made changes to their positions in SPWH. SG Americas Securities LLC increased its holdings in Sportsman’s Warehouse by 37.0% in the third quarter. SG Americas Securities LLC now owns 54,071 shares of the company’s stock valued at $243,000 after buying an additional 14,593 shares in the last quarter. Barclays PLC boosted its position in Sportsman’s Warehouse by 185.8% during the third quarter. Barclays PLC now owns 73,703 shares of the company’s stock worth $331,000 after purchasing an additional 47,912 shares in the last quarter. Teton Advisors Inc. grew its holdings in Sportsman’s Warehouse by 20.0% in the third quarter. Teton Advisors Inc. now owns 60,000 shares of the company’s stock valued at $269,000 after purchasing an additional 10,000 shares during the last quarter. Gamco Investors INC. ET AL increased its position in shares of Sportsman’s Warehouse by 24.9% in the third quarter. Gamco Investors INC. ET AL now owns 479,245 shares of the company’s stock valued at $2,152,000 after buying an additional 95,500 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Sportsman’s Warehouse by 5.3% during the 3rd quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 701,714 shares of the company’s stock worth $3,151,000 after buying an additional 35,300 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

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.