Sportsman’s Warehouse (NASDAQ:SPWH) Share Price Breaks Above 50 Day Moving Average – Should You Sell?

Sportsman’s Warehouse Holdings, Inc. (NASDAQ:SPWH)’s share price crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.14 and traded as high as $1.1750. Sportsman’s Warehouse shares last traded at $1.16, with a volume of 465,773 shares changing hands.

Analyst Ratings Changes

A number of research firms have commented on SPWH. Weiss Ratings downgraded shares of Sportsman’s Warehouse from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday. 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. Finally, LADENBURG THALM/SH SH began coverage on Sportsman’s Warehouse in a research note on Tuesday. They issued a “buy” rating and a $2.60 price target for the company. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.28.

Sportsman’s Warehouse Stock Performance

The company has a market capitalization of $45.40 million, a price-to-earnings ratio of -0.94 and a beta of 0.46. The stock has a 50 day simple moving average of $1.14 and a 200 day simple moving average of $1.27. The company has a quick ratio of 0.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.27.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SPWH. JB Capital Partners LP acquired a new position in Sportsman’s Warehouse during the 2nd quarter valued at about $2,275,356. Renaissance Technologies LLC lifted its position in shares of Sportsman’s Warehouse by 125.9% during the 1st quarter. Renaissance Technologies LLC now owns 484,300 shares of the company’s stock valued at $683,000 after acquiring an additional 269,930 shares during the last quarter. Union Square Park Capital Management LLC lifted its holdings in shares of Sportsman’s Warehouse by 9.3% during the first quarter. Union Square Park Capital Management LLC now owns 2,600,802 shares of the company’s stock valued at $3,667,000 after purchasing an additional 222,121 shares during the last quarter. NewEdge Advisors LLC purchased a new stake in Sportsman’s Warehouse during the first quarter valued at about $170,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Sportsman’s Warehouse in the 2nd quarter valued at approximately $28,000. Institutional investors own 83.04% of the company’s stock.

About Sportsman’s Warehouse

Sportsman’s Warehouse Holdings, Inc (NASDAQ:SPWH) operates a specialty outdoor sporting goods retailer serving hunting, shooting, fishing, camping, hiking and other outdoor recreation markets. The company sells products through its retail stores and e-commerce platform, offering merchandise for outdoor enthusiasts as well as equipment and supplies for recreational and competitive sportsmen and women.

Its product assortment generally includes firearms, ammunition, archery equipment, fishing tackle, camping gear, outdoor apparel, footwear, optics, knives and related accessories.