Camping World (NYSE:CWH) Shares Down 6.4% on Analyst Downgrade

Camping World (NYSE:CWH)’s stock price was down 6.4% during trading on Monday after Truist Financial lowered their price target on the stock from $20.00 to $15.00. Truist Financial currently has a buy rating on the stock. Camping World traded as low as $11.72 and last traded at $11.6950. Approximately 1,345,009 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 2,201,400 shares. The stock had previously closed at $12.50.

A number of other brokerages have also commented on CWH. JPMorgan Chase & Co. decreased their price objective on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Citigroup lowered their target price on shares of Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, October 31st. KeyCorp dropped their price target on Camping World from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Raymond James Financial decreased their price target on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.90.

Hedge Funds Weigh In On Camping World

Several institutional investors have recently added to or reduced their stakes in CWH. State of Wyoming acquired a new position in shares of Camping World during the third quarter worth approximately $43,000. US Bancorp DE purchased a new stake in shares of Camping World during the 1st quarter valued at $72,000. Ameritas Investment Partners Inc. raised its position in Camping World by 11.0% in the second quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock worth $106,000 after acquiring an additional 608 shares during the period. CWM LLC raised its holdings in shares of Camping World by 1,060.1% in the 1st quarter. CWM LLC now owns 7,645 shares of the company’s stock worth $124,000 after purchasing an additional 6,986 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Camping World by 117.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock valued at $153,000 after buying an additional 4,789 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Stock Performance

The company’s fifty day simple moving average is $15.79 and its 200 day simple moving average is $16.45. The firm has a market capitalization of $1.19 billion, a PE ratio of -12.56 and a beta of 1.92. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, equities research analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Monday, September 15th. Camping World’s dividend payout ratio is presently -53.76%.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.