Camping World (NYSE:CWH) Reaches New 52-Week Low – Should You Sell?

Camping World (NYSE:CWH) shares hit a new 52-week low on Monday . The stock traded as low as $6.85 and last traded at $7.05, with a volume of 1396860 shares. The stock had previously closed at $7.36.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Truist Financial lowered their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Roth Mkm reiterated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Camping World in a research note on Thursday, February 26th. Monness Crespi & Hardt lowered their price target on shares of Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, February 26th. Wall Street Zen cut shares of Camping World from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, KeyCorp cut their price objective on shares of Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Nine investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.80.

Camping World Stock Down 3.0%

The company’s 50 day simple moving average is $11.60 and its 200-day simple moving average is $13.12. The company has a debt-to-equity ratio of 4.14, a quick ratio of 0.23 and a current ratio of 1.20. The firm has a market capitalization of $730.35 million, a PE ratio of -4.96 and a beta of 2.15.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.10). The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.47) earnings per share. On average, analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC purchased a new stake in shares of Camping World in the 1st quarter valued at about $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock worth $539,000 after purchasing an additional 1,401 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Camping World by 66.2% in the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock worth $14,372,000 after purchasing an additional 354,333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Camping World by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock valued at $1,927,000 after purchasing an additional 17,665 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Camping World by 14.9% in the second quarter. Teacher Retirement System of Texas now owns 28,033 shares of the company’s stock valued at $482,000 after purchasing an additional 3,631 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.