Sportsman’s Warehouse (NASDAQ:SPWH) Stock Passes Below 200-Day Moving Average – Time to Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.35 and traded as low as $1.1608. Sportsman’s Warehouse shares last traded at $1.17, with a volume of 355,063 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SPWH. Zacks Research upgraded Sportsman’s Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings raised shares of Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $2.58.

Sportsman’s Warehouse Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.07 and a debt-to-equity ratio of 0.27. The company has a market cap of $45.65 million, a price-to-earnings ratio of -0.90 and a beta of 0.41. The stock has a 50 day moving average price of $1.29 and a two-hundred day moving average price of $1.35.

Sportsman’s Warehouse (NASDAQ:SPWH) last released its quarterly earnings data on Tuesday, June 2nd. The company reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.58) by $0.19. Sportsman’s Warehouse had a negative net margin of 4.17% and a negative return on equity of 10.68%. The business had revenue of $256.08 million during the quarter, compared to analysts’ expectations of $252.30 million. During the same quarter in the prior year, the company earned ($0.56) EPS. Analysts predict that Sportsman’s Warehouse Holdings, Inc. will post -0.34 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPWH. Prudential Financial Inc. bought a new position in Sportsman’s Warehouse during the second quarter worth $56,000. Centiva Capital LP acquired a new stake in shares of Sportsman’s Warehouse during the 3rd quarter worth about $63,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sportsman’s Warehouse during the 4th quarter worth about $41,000. SBI Securities Co. Ltd. boosted its holdings in shares of Sportsman’s Warehouse by 158,500.0% during the 4th quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares during the period. Finally, XTX Topco Ltd acquired a new position in Sportsman’s Warehouse in the 2nd quarter valued at about $189,000. 83.04% of the stock is currently owned by institutional investors.

About Sportsman’s Warehouse

Sportsman’s Warehouse, Inc (NASDAQ: SPWH) operates as a specialty retailer of hunting, shooting, fishing, camping and related outdoor sports equipment in the United States. The company’s brick-and-mortar footprint comprises over 100 retail locations across more than 20 states, complemented by an e-commerce platform that serves anglers and outdoorsmen nationwide. By focusing on core outdoor activities, Sportsman’s Warehouse delivers a comprehensive shopping experience for enthusiasts of all skill levels.

The retailer’s product assortment includes firearms and ammunition, archery gear, fishing tackle and boats, camping supplies, outdoor apparel and footwear, water sports equipment and pet supplies.