Sportsman's Warehouse (NASDAQ:SPWH) Shares Cross Below 200-Day Moving Average - Here's What Happened

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.67 and traded as low as $2.29. Sportsman's Warehouse shares last traded at $2.32, with a volume of 285,765 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Robert W. Baird cut their price objective 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. B. Riley lowered their target price on shares of Sportsman's Warehouse from $4.00 to $2.00 and set a "neutral" rating for the company in a research note on Wednesday, September 4th. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research note on Tuesday, November 5th. Roth Mkm lowered their target price on shares of Sportsman's Warehouse from $5.00 to $3.50 and set a "buy" rating for the company in a research note on Tuesday, September 10th. Finally, Lake Street Capital lowered their target price on shares of Sportsman's Warehouse from $5.00 to $3.00 and set a "buy" rating for the company in a research note on Wednesday, September 4th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $2.80.

Sportsman's Warehouse Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.22 and a quick ratio of 0.07. The stock has a market cap of $87.05 million, a PE ratio of -2.54 and a beta of 0.66. The company has a 50-day simple moving average of $2.72 and a 200-day simple moving average of $2.67.

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

Insider Transactions at Sportsman's Warehouse

In other news, CEO Paul Stone bought 39,920 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $2.54 per share, with a total value of $101,396.80. Following the transaction, the chief executive officer now owns 904,157 shares of the company's stock, valued at $2,296,558.78. This represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Sportsman's Warehouse news, Director Richard D. Mcbee bought 20,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $2.55 per share, for a total transaction of $51,000.00. Following the completion of the purchase, the director now directly owns 205,608 shares in the company, valued at approximately $524,300.40. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Paul Stone acquired 39,920 shares of the company's stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average price of $2.54 per share, for a total transaction of $101,396.80. Following the purchase, the chief executive officer now owns 904,157 shares of the company's stock, 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. Insiders own 1.80% of the company's stock.

Institutional Trading of Sportsman's Warehouse

Several hedge funds have recently bought and sold shares of the company. Ground Swell Capital LLC acquired a new stake in Sportsman's Warehouse in the third quarter worth about $28,000. State Board of Administration of Florida Retirement System acquired a new position in Sportsman's Warehouse during the first quarter valued at $38,000. Point72 DIFC Ltd purchased a new stake in shares of Sportsman's Warehouse in the second quarter worth approximately $40,000. Abacus Planning Group Inc. purchased a new position in Sportsman's Warehouse during the third quarter valued at approximately $55,000. Finally, Virtu Financial LLC purchased a new position in Sportsman's Warehouse during the first quarter valued at approximately $85,000. 83.04% of the stock is currently 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.