Camping World (NYSE:CWH) Reaches New 12-Month Low – What’s Next?

Shares of Camping World (NYSE:CWH) reached a new 52-week low during trading on Friday . The company traded as low as $5.52 and last traded at $5.6150, with a volume of 2495273 shares trading hands. The stock had previously closed at $6.27.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Raymond James Financial set a $10.00 price objective on shares of Camping World in a research note on Friday, May 1st. Citigroup dropped their target price on shares of Camping World from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Friday. Wall Street Zen downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Sunday. Truist Financial reduced their price target on shares of Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Finally, Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.33.

Camping World Trading Up 1.7%

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 firm has a market capitalization of $589.62 million, a P/E ratio of -3.84 and a beta of 2.04. The firm has a 50-day moving average of $7.05 and a two-hundred day moving average of $8.50.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the firm posted ($0.16) earnings per share. Camping World’s revenue was down 4.2% compared to the same quarter last year. On average, analysts anticipate that Camping World will post 0.33 EPS for the current year.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC lifted its stake in Camping World by 995.1% in 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 during the last quarter. Burney Co. grew its stake in shares of Camping World by 107.8% during the fourth quarter. Burney Co. now owns 201,614 shares of the company’s stock worth $1,962,000 after buying an additional 104,569 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Camping World during the fourth quarter worth $898,000. KBC Group NV acquired a new position in shares of Camping World during the first quarter worth $2,003,000. Finally, Vanguard Group Inc. increased its holdings in shares of Camping World by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock worth $58,585,000 after buying an additional 190,557 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.