Camping World (NYSE:CWH) Stock Price Down 6.2% – Here’s Why

Camping World (NYSE:CWH)’s share price fell 6.2% on Friday . The stock traded as low as $6.19 and last traded at $6.1350. Approximately 1,146,013 shares were traded during trading, a decline of 61% from the average session volume of 2,930,927 shares. The stock had previously closed at $6.54.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Truist Financial lowered their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Raymond James Financial set a $10.00 target price on Camping World in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Saturday. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Camping World currently has an average rating of “Moderate Buy” and an average price target of $15.22.

Camping World Stock Down 5.5%

The stock has a market capitalization of $636.79 million, a P/E ratio of -4.15 and a beta of 2.04. The firm’s fifty day moving average is $7.13 and its 200-day moving average is $8.63. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.31) by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.16) earnings per share. As a group, equities research analysts predict that Camping World will post 0.33 earnings per share for the current year.

Institutional Investors Weigh In On Camping World

A number of large investors have recently bought and sold shares of the business. Essential Partners LLC acquired a new stake in Camping World during the 1st quarter valued at $69,000. Royal Bank of Canada raised its position in Camping World by 99.8% in the 1st quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock valued at $201,000 after purchasing an additional 14,679 shares during the last quarter. Entropy Technologies LP boosted its stake in Camping World by 5.3% in the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock worth $279,000 after purchasing an additional 2,048 shares in the last quarter. Inceptionr LLC boosted its stake in Camping World by 110.2% in the first quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock worth $340,000 after purchasing an additional 26,123 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Camping World by 44.7% during the first quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock worth $1,426,000 after purchasing an additional 64,495 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors.

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.