Sportsman’s Warehouse (NASDAQ:SPWH) Stock Crosses Below 200-Day Moving Average – Should You Sell?

Shares of Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.99 and traded as low as $1.33. Sportsman’s Warehouse shares last traded at $1.39, with a volume of 370,358 shares trading hands.

Analyst Ratings Changes

A number of research analysts have recently weighed in on SPWH shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sportsman’s Warehouse in a report on Monday, December 29th. Roth Mkm decreased their price target on Sportsman’s Warehouse from $4.25 to $2.25 and set a “buy” rating for the company in a report on Friday, December 5th. Wall Street Zen upgraded Sportsman’s Warehouse from a “sell” rating to a “hold” rating in a research note on Saturday, January 3rd. Finally, Robert W. Baird cut their price objective on shares of Sportsman’s Warehouse from $3.50 to $2.00 and set a “neutral” rating on the stock in a report on Friday, December 5th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $2.95.

Sportsman’s Warehouse Trading Up 1.5%

The company has a debt-to-equity ratio of 0.21, a current ratio of 1.20 and a quick ratio of 0.06. The company has a market capitalization of $53.10 million, a P/E ratio of -1.42 and a beta of 0.60. The firm has a fifty day moving average price of $1.34 and a 200-day moving average price of $1.98.

Institutional Investors Weigh In On Sportsman’s Warehouse

Several large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sportsman’s Warehouse in the 4th quarter worth about $41,000. SBI Securities Co. Ltd. increased its holdings in Sportsman’s Warehouse by 158,500.0% during the fourth quarter. SBI Securities Co. Ltd. now owns 31,720 shares of the company’s stock worth $46,000 after buying an additional 31,700 shares during the last quarter. Prudential Financial Inc. bought a new stake in Sportsman’s Warehouse in the second quarter worth about $56,000. Centiva Capital LP purchased a new position in Sportsman’s Warehouse in the third quarter valued at about $63,000. Finally, Greenwood Gearhart Inc. boosted its stake in Sportsman’s Warehouse by 47.9% in the fourth quarter. Greenwood Gearhart Inc. now owns 82,682 shares of the company’s stock valued at $121,000 after acquiring an additional 26,785 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

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.