Camping World (NYSE:CWH) Reaches New 1-Year Low – Should You Sell?

Camping World (NYSE:CWH) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $9.87 and last traded at $9.9270, with a volume of 190230 shares traded. The stock had previously closed at $10.17.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CWH. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a research report on Wednesday. Loop Capital initiated coverage on shares of Camping World in a research report on Friday, October 31st. They set a “buy” rating and a $17.00 price target for the company. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. KeyCorp reduced their price objective on Camping World from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Camping World in a research report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Camping World presently has an average rating of “Moderate Buy” and a consensus target price of $18.90.

Camping World Stock Performance

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -11.35 and a beta of 1.91. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 3.29. The company has a 50 day moving average of $14.56 and a 200 day moving average of $16.23.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.10. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business earned $0.17 EPS. Camping World’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 annualized dividend and a yield of 4.7%. Camping World’s dividend payout ratio is currently -53.76%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Eminence Capital LP raised its stake in shares of Camping World by 123.3% in the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after purchasing an additional 2,283,331 shares in the last quarter. Bank of America Corp DE increased its holdings in Camping World by 128.1% in the third quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock valued at $21,250,000 after buying an additional 755,665 shares during the last quarter. Walleye Capital LLC raised its stake in Camping World by 807.5% during the second quarter. Walleye Capital LLC now owns 587,149 shares of the company’s stock valued at $10,093,000 after buying an additional 522,449 shares in the last quarter. Capital Research Global Investors raised its stake in Camping World by 15.5% during the third quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock valued at $58,670,000 after buying an additional 499,999 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Camping World by 18.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after buying an additional 490,245 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.