Camping World (NYSE:CWH) Sets New 52-Week Low – Here’s What Happened

Camping World (NYSE:CWH) hit a new 52-week low during trading on Thursday . The company traded as low as $11.11 and last traded at $11.0630, with a volume of 677384 shares traded. The stock had previously closed at $11.27.

Analysts Set New Price Targets

Several research firms recently issued reports on CWH. Weiss Ratings reiterated a “sell (d+)” rating on shares of Camping World in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. BMO Capital Markets restated an “outperform” rating and set a $22.00 target price on shares of Camping World in a research report on Thursday, October 30th. Citigroup reduced their price target on Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 31st. Finally, Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.90.

Camping World Price Performance

The stock’s fifty day moving average price is $15.44 and its 200-day moving average price is $16.39. The firm has a market cap of $1.14 billion, a PE ratio of -11.96 and a beta of 1.91. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27.

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

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 4.5%. Camping World’s payout ratio is -53.76%.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently bought and sold shares of CWH. UBS Group AG boosted its holdings in Camping World by 0.4% in the 3rd quarter. UBS Group AG now owns 266,095 shares of the company’s stock valued at $4,202,000 after purchasing an additional 982 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Camping World by 42.7% in the third quarter. BNP Paribas Financial Markets now owns 781,307 shares of the company’s stock valued at $12,337,000 after acquiring an additional 233,923 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Camping World by 12.8% in the third quarter. Franklin Resources Inc. now owns 269,566 shares of the company’s stock valued at $4,256,000 after acquiring an additional 30,689 shares during the last quarter. Capital Research Global Investors grew its position in Camping World by 15.5% in the third quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock worth $58,670,000 after acquiring an additional 499,999 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Camping World by 923.8% during the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after acquiring an additional 4,998 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Company Profile

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.