Sportsman’s Warehouse (NASDAQ:SPWH) Shares Cross Above 50 Day Moving Average – Time to Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.19 and traded as high as $1.21. Sportsman’s Warehouse shares last traded at $1.16, with a volume of 455,393 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Zacks Research cut shares of Sportsman’s Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Sportsman’s Warehouse from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 10th. Finally, Wall Street Zen raised Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $2.12.

Sportsman’s Warehouse Trading Down 1.8%

The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.07 and a current ratio of 1.17. The company has a market capitalization of $43.05 million, a price-to-earnings ratio of -0.89 and a beta of 0.42. The business’s 50-day simple moving average is $1.19 and its 200-day simple moving average is $1.30.

Sportsman’s Warehouse (NASDAQ:SPWH) last issued its quarterly earnings results on Tuesday, September 1st. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.04. The company had revenue of $295.58 million during the quarter, compared to analysts’ expectations of $295.05 million. Sportsman’s Warehouse had a negative net margin of 3.94% and a negative return on equity of 10.50%. On average, research analysts expect that Sportsman’s Warehouse Holdings, Inc. will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Sportsman’s Warehouse

Institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC acquired a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $25,000. Squarepoint Ops LLC acquired a new position in Sportsman’s Warehouse during the second quarter valued at approximately $28,000. Teton Advisors LLC increased its stake in Sportsman’s Warehouse by 14.3% in the first quarter. Teton Advisors LLC now owns 80,000 shares of the company’s stock valued at $113,000 after purchasing an additional 10,000 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Sportsman’s Warehouse in the first quarter valued at approximately $170,000. Finally, Empowered Funds LLC raised its holdings in Sportsman’s Warehouse by 5.6% in the first quarter. Empowered Funds LLC now owns 203,195 shares of the company’s stock worth $287,000 after purchasing an additional 10,837 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

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.