Camping World (NYSE:CWH) Trading Down 5.8% – Time to Sell?

Camping World (NYSE:CWH) was down 5.8% on Thursday . The stock traded as low as $5.97 and last traded at $5.9050. 160,423 shares were traded during trading, a decline of 94% from the average daily volume of 2,910,090 shares. The stock had previously closed at $6.27.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CWH shares. Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Truist Financial cut their price objective on shares of Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Weiss Ratings cut shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Camping World from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Finally, Raymond James Financial set a $10.00 price target on shares of Camping World in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $15.22.

Camping World Trading Down 8.2%

The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. The business has a 50 day moving average price of $7.09 and a 200-day moving average price of $8.55. The firm has a market capitalization of $592.71 million, a PE ratio of -3.87 and a beta of 2.04.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned ($0.16) earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. Analysts expect that Camping World will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Camping World

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG raised 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 acquiring an additional 982 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Camping World by 2.2% during the third quarter. Alliancebernstein L.P. now owns 55,200 shares of the company’s stock worth $872,000 after purchasing an additional 1,200 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Camping World by 5.8% during the fourth quarter. XTX Topco Ltd now owns 23,079 shares of the company’s stock worth $225,000 after purchasing an additional 1,273 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $539,000 after purchasing an additional 1,401 shares during the period. Finally, Quarry LP grew its position in shares of Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after purchasing an additional 1,502 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

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.