Camping World (NYSE:CWH) Reaches New 1-Year Low – Here’s What Happened

Camping World (NYSE:CWH) hit a new 52-week low during trading on Monday . The stock traded as low as $5.47 and last traded at $5.4950, with a volume of 193717 shares. The stock had previously closed at $5.60.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CWH shares. Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Raymond James Financial set a $8.25 price target on shares of Camping World in a report on Friday, July 31st. KeyCorp decreased their price objective on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Citigroup lowered their price objective on shares of Camping World from $9.00 to $8.00 and set a “buy” rating for the company in a research note on Wednesday, September 16th. Finally, Robert W. Baird set a $7.00 target price on shares of Camping World in a report on Friday, July 31st. Ten 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $11.57.

Camping World Price Performance

The business has a 50 day moving average of $6.30 and a 200 day moving average of $6.82. The company has a market cap of $560.35 million, a PE ratio of -3.51 and a beta of 2.07. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. As a group, research analysts predict that Camping World will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently modified their holdings of the stock. Eminence Capital LP raised its position in shares of Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after purchasing an additional 1,815,042 shares during the last quarter. BNP Paribas Financial Markets grew its position in Camping World by 94.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after purchasing an additional 741,263 shares during the last quarter. Capital Research Global Investors grew its position in Camping World by 12.8% during the 4th quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock valued at $40,786,000 after purchasing an additional 476,135 shares during the last quarter. Walleye Capital LLC increased its stake in Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after purchasing an additional 406,852 shares in the last quarter. Finally, KBC Group NV purchased a new position in Camping World in the first quarter worth about $2,003,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.