Sportsman's Warehouse (NASDAQ:SPWH) Shares Cross Below Two Hundred Day Moving Average of $4.01

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report)'s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

SPWH has been the subject of several recent analyst reports. Robert W. Baird dropped their price objective on shares of 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. B. Riley lowered 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 research note on Thursday, April 4th. Finally, StockNews.com raised shares of Sportsman's Warehouse to a "sell" rating in a research note on Thursday, January 11th.

Sportsman's Warehouse Stock Down 0.8 %

The firm has a 50 day moving average price of $3.26 and a 200 day moving average price of $4.01. The stock has a market cap of $117.75 million, a PE ratio of -4.04 and a beta of 0.76.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last posted its earnings results on Wednesday, April 10th. The company reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.30) by $0.10. Sportsman's Warehouse had a negative net margin of 2.25% and a negative return on equity of 8.86%. The business had revenue of $370.39 million for the quarter, compared to the consensus estimate of $373.61 million. During the same quarter last year, the firm posted $0.33 EPS. The company's revenue for the quarter was down 2.3% on a year-over-year basis. Equities analysts forecast that Sportsman's Warehouse Holdings, Inc. will post 0.02 earnings per share for the current year.

Institutional Trading of Sportsman's Warehouse

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Abacus Planning Group Inc. purchased a new position in Sportsman's Warehouse in the fourth quarter worth $81,000. Quadrature Capital Ltd acquired a new stake in shares of Sportsman's Warehouse in the 4th quarter worth $88,000. SG Americas Securities LLC increased its position in Sportsman's Warehouse by 37.0% during the 3rd 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. Teton Advisors Inc. raised its stake 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 buying an additional 10,000 shares during the last quarter. Finally, Barclays PLC boosted its holdings in Sportsman's Warehouse by 185.8% in the third quarter. Barclays PLC now owns 73,703 shares of the company's stock worth $331,000 after acquiring an additional 47,912 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

About Sportsman's Warehouse

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.