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

Camping World (NYSE:CWH) reached a new 52-week low during trading on Wednesday . The stock traded as low as $9.87 and last traded at $9.9270, with a volume of 190230 shares changing hands. The stock had previously closed at $10.17.

Wall Street Analyst Weigh In

CWH has been the topic of a number of research reports. KeyCorp lowered their target price 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. Raymond James Financial lowered their price objective on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. JPMorgan Chase & Co. dropped their price objective on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Monday, November 3rd. BMO Capital Markets reissued an “outperform” rating and set a $22.00 target price on shares of Camping World in a research report on Thursday, October 30th. Finally, Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Nine equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Camping World has an average rating of “Moderate Buy” and a consensus target price of $18.90.

Camping World Price Performance

The firm has a market cap of $1.00 billion, a PE ratio of -10.54 and a beta of 1.91. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The business’s fifty day moving average is $14.86 and its 200-day moving average is $16.33.

Camping World (NYSE:CWH) last released its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the firm earned $0.17 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, research analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Monday, September 15th. Camping World’s dividend payout ratio (DPR) is currently -53.76%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP lifted its holdings in Camping World by 2,275.8% during the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after purchasing an additional 1,502 shares during the last quarter. State of Wyoming bought a new position in Camping World in the 3rd quarter worth approximately $43,000. US Bancorp DE purchased a new position in Camping World in the 1st quarter valued at approximately $72,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Camping World during the third quarter worth $83,000. Finally, Russell Investments Group Ltd. grew its position in shares of Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after purchasing an additional 4,998 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

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.