Sportsman’s Warehouse (NASDAQ:SPWH) Stock Price Passes Below 200 Day Moving Average of $3.88

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.88 and traded as low as $3.10. Sportsman’s Warehouse shares last traded at $3.11, with a volume of 208,009 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. B. Riley reduced their price objective on Sportsman’s Warehouse from $4.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 4th. Robert W. Baird cut their price target on Sportsman’s Warehouse from $5.00 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th.

Sportsman’s Warehouse Trading Up 6.8 %

The stock has a 50 day simple moving average of $3.24 and a 200-day simple moving average of $3.87. The firm has a market capitalization of $124.90 million, a P/E ratio of -4.26 and a beta of 0.76.

Sportsman’s Warehouse (NASDAQ:SPWH) last posted its quarterly earnings results on Wednesday, April 10th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.10. The company 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 firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.33 EPS. As a group, sell-side analysts expect that Sportsman’s Warehouse Holdings, Inc. will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Several large investors have recently modified their holdings of SPWH. State Board of Administration of Florida Retirement System bought a new position in shares of Sportsman’s Warehouse during the 1st quarter worth $38,000. Abacus Planning Group Inc. bought a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $81,000. Virtu Financial LLC bought a new position in shares of Sportsman’s Warehouse during the 1st quarter worth $85,000. Quadrature Capital Ltd bought a new position in shares of Sportsman’s Warehouse during the 4th quarter worth $88,000. Finally, Kennedy Capital Management LLC purchased a new stake in shares of Sportsman’s Warehouse during the 1st quarter worth $187,000. Institutional investors 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.