Camping World (NYSE:CWH) Trading Down 6.1% – Here’s Why

Camping World (NYSE:CWH) shares were down 6.1% on Tuesday . The stock traded as low as $7.55 and last traded at $7.5180. Approximately 851,280 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 2,998,304 shares. The stock had previously closed at $8.01.

Analysts Set New Price Targets

Several equities analysts have commented on CWH shares. Raymond James Financial set a $10.00 price target on Camping World in a report on Friday, May 1st. Weiss Ratings downgraded shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Truist Financial lowered their target price on shares of Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Wall Street Zen raised shares of Camping World from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.22.

Camping World Trading Down 2.6%

The company has a debt-to-equity ratio of 4.30, a current ratio of 1.17 and a quick ratio of 0.23. The company has a market capitalization of $753.25 million, a price-to-earnings ratio of -4.91 and a beta of 2.04. The business has a fifty day moving average price of $7.31 and a 200 day moving average price of $8.92.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.10. The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. Camping World’s quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted ($0.16) earnings per share. On average, equities analysts expect that Camping World will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors lifted 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 purchasing an additional 499,999 shares during the period. Royce & Associates LP acquired a new stake in shares of Camping World during the 3rd quarter valued at about $6,663,000. Burney Co. boosted its position in shares of Camping World by 107.8% during the 4th quarter. Burney Co. now owns 201,614 shares of the company’s stock valued at $1,962,000 after acquiring an additional 104,569 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Camping World in the fourth quarter valued at about $898,000. Finally, Tudor Investment Corp ET AL increased its stake in Camping World by 33.2% in the third quarter. Tudor Investment Corp ET AL now owns 453,044 shares of the company’s stock valued at $7,154,000 after acquiring an additional 112,964 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.