Sportsman's Warehouse (NASDAQ:SPWH) Shares Pass Below 200 Day Moving Average - What's Next?

Key Points

• Shares of Sportsman's Warehouse (SPWH) slipped below its 200-day moving average
• Analysts are mixed: the consensus rating is a Hold with an average target price of $2.94, while Wall Street Zen recently moved the stock from "strong sell" to "sell."
• The company reported an EPS miss (−$0.10 vs. −$0.09 expected) with negative net margin (−4.14%) and ROE (−10.30%), analysts forecast −0.49 EPS for the year, and institutional investors own roughly 83% of the shares.

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.62 and traded as low as $1.32. Sportsman's Warehouse shares last traded at $1.43, with a volume of 432,330 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Sportsman's Warehouse from a "strong sell" rating to a "sell" rating in a research report on Monday, April 20th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $2.94.

Sportsman's Warehouse Trading Up 8.3%

The business has a fifty day simple moving average of $1.39 and a 200 day simple moving average of $1.62. The stock has a market cap of $55.70 million, a price-to-earnings ratio of -1.10 and a beta of 0.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.10 and a current ratio of 1.36.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, March 31st. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.01). The company had revenue of $334.86 million for the quarter, compared to analyst estimates of $334.89 million. Sportsman's Warehouse had a negative net margin of 4.14% and a negative return on equity of 10.30%. As a group, equities analysts anticipate that Sportsman's Warehouse Holdings, Inc. will post -0.49 EPS for the current year.

Institutional Investors Weigh In On Sportsman's Warehouse

Large investors have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. acquired a new stake in Sportsman's Warehouse during the 4th quarter valued at $819,000. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in shares of Sportsman's Warehouse by 1.5% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 635,830 shares of the company's stock worth $928,000 after purchasing an additional 9,450 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of Sportsman's Warehouse by 28.5% during the 4th quarter. Gamco Investors INC. ET AL now owns 701,500 shares of the company's stock worth $1,024,000 after purchasing an additional 155,500 shares during the period. Gabelli Funds LLC lifted its stake in shares of Sportsman's Warehouse by 15.3% during the 4th quarter. Gabelli Funds LLC now owns 1,180,651 shares of the company's stock worth $1,724,000 after purchasing an additional 156,978 shares during the period. Finally, Greenwood Gearhart Inc. lifted its stake in shares of Sportsman's Warehouse by 47.9% during the 4th quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company's stock worth $121,000 after purchasing an additional 26,785 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Sportsman's Warehouse Company Profile

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.

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