Sportsman's Warehouse (NASDAQ:SPWH) Stock Passes Below Two Hundred Day Moving Average - Time to Sell?

Shares of Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.72 and traded as low as $2.63. Sportsman's Warehouse shares last traded at $2.80, with a volume of 490,662 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SPWH shares. Lake Street Capital cut their price target on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating on the stock in a research note on Wednesday, September 4th. Robert W. Baird reduced their price target on shares of Sportsman's Warehouse from $4.00 to $2.50 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Craig Hallum lowered their price objective on shares of Sportsman's Warehouse from $4.00 to $3.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. B. Riley cut their price objective on shares of Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating for the company in a research report on Wednesday, September 4th. Finally, Roth Mkm reduced their target price on Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating for the company in a report on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $2.80.

Sportsman's Warehouse Trading Down 3.6 %

The business's 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.72. The firm has a market cap of $101.92 million, a price-to-earnings ratio of -3.33 and a beta of 0.67. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07.

Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last released its earnings results on Tuesday, September 3rd. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.05). The company had revenue of $288.73 million during the quarter, compared to analyst estimates of $284.00 million. Sportsman's Warehouse had a negative return on equity of 12.00% and a negative net margin of 2.74%. Equities analysts expect that Sportsman's Warehouse Holdings, Inc. will post -0.74 earnings per share for the current year.

Insider Activity at Sportsman's Warehouse

In other news, Director Richard D. Mcbee purchased 20,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was acquired at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the transaction, the director now owns 205,608 shares of the company's stock, valued at approximately $524,300.40. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The shares were acquired at an average cost of $2.55 per share, for a total transaction of $51,000.00. Following the acquisition, the director now directly owns 205,608 shares of the company's stock, valued at $524,300.40. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Paul Stone purchased 39,920 shares of the firm's stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average price of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now directly owns 904,157 shares in the company, valued at $2,296,558.78. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPWH. Empowered Funds LLC lifted its stake in shares of Sportsman's Warehouse by 8.2% in the first quarter. Empowered Funds LLC now owns 106,328 shares of the company's stock valued at $331,000 after buying an additional 8,034 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in shares of Sportsman's Warehouse during the first quarter valued at approximately $38,000. Vanguard Group Inc. raised its stake in shares of Sportsman's Warehouse by 1.8% in the first quarter. Vanguard Group Inc. now owns 1,926,372 shares of the company's stock valued at $5,991,000 after purchasing an additional 33,976 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Sportsman's Warehouse by 3.0% in the first quarter. Gamco Investors INC. ET AL now owns 517,325 shares of the company's stock worth $1,609,000 after purchasing an additional 15,200 shares during the period. Finally, Teton Advisors Inc. boosted its stake in Sportsman's Warehouse by 11.7% during the first quarter. Teton Advisors Inc. now owns 67,000 shares of the company's stock worth $208,000 after buying an additional 7,000 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

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.