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

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

Analyst Ratings Changes

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

Camping World Trading Down 5.3%

The firm has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $8.96. The firm has a market cap of $781.08 million, a P/E ratio of -5.09 and a beta of 2.05. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17.

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CWH. Capital Research Global Investors grew its position 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 worth $58,670,000 after buying an additional 499,999 shares in the last quarter. Royce & Associates LP purchased a new stake in shares of Camping World in the 3rd quarter valued at about $6,663,000. Burney Co. raised its holdings in shares of Camping World by 107.8% in 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 shares of Camping World during the 4th quarter valued at about $898,000. Finally, Tudor Investment Corp ET AL grew its holdings in shares of Camping World by 33.2% during the third quarter. Tudor Investment Corp ET AL now owns 453,044 shares of the company’s stock worth $7,154,000 after purchasing an additional 112,964 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.