Sportsman's Warehouse (NASDAQ:SPWH) Share Price Passes Below 200-Day Moving Average - Here's Why

Sportsman's Warehouse Holdings, Inc. (NASDAQ:SPWH - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.35 and traded as low as $1.27. Sportsman's Warehouse shares last traded at $1.28, with a volume of 374,481 shares.

Analyst Ratings Changes

Several analysts have issued reports on SPWH shares. B. Riley raised shares of Sportsman's Warehouse from a "neutral" rating to a "buy" rating and boosted their target price for the company from $2.00 to $4.00 in a research note on Wednesday, December 11th. StockNews.com raised shares of Sportsman's Warehouse from a "sell" rating to a "hold" rating in a research report on Saturday, November 30th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $3.20.

Sportsman's Warehouse Stock Up 1.9 %

The company has a current ratio of 1.20, a quick ratio of 0.06 and a debt-to-equity ratio of 0.10. The firm's fifty day moving average is $1.99 and its 200 day moving average is $2.32. The stock has a market cap of $51.43 million, a P/E ratio of -1.54 and a beta of 0.48.

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Sportsman's Warehouse (NASDAQ:SPWH - Get Free Report) last announced its earnings results on Tuesday, December 10th. The company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.09. Sportsman's Warehouse had a negative return on equity of 11.72% and a negative net margin of 2.69%. As a group, equities research analysts forecast that Sportsman's Warehouse Holdings, Inc. will post -0.65 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPWH. Portolan Capital Management LLC raised its position in Sportsman's Warehouse by 146.7% in the fourth quarter. Portolan Capital Management LLC now owns 2,334,248 shares of the company's stock worth $6,232,000 after purchasing an additional 1,387,935 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Sportsman's Warehouse by 365.9% during the fourth quarter. Marshall Wace LLP now owns 1,203,805 shares of the company's stock valued at $3,214,000 after purchasing an additional 945,438 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Sportsman's Warehouse by 665.0% in the 3rd quarter. GSA Capital Partners LLP now owns 544,373 shares of the company's stock valued at $1,475,000 after buying an additional 473,212 shares during the period. Walleye Capital LLC bought a new stake in Sportsman's Warehouse during the 4th quarter worth about $948,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Sportsman's Warehouse during the fourth quarter worth approximately $857,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Sportsman's Warehouse Company Profile

Sportsman's Warehouse Holdings, Inc engages in the retail of sporting and athletic goods. Its products include hunting and shooting, archery, fishing, camping, boating accessories, optics and electronics, knives and tools, and footwear. The company was founded in 1986 and is headquartered in West Jordan, UT.