Camping World (NYSE:CWH) Shares Down 5.8% – Here’s Why

Shares of Camping World (NYSE:CWHGet Free Report) were down 5.8% on Wednesday . The company traded as low as $6.80 and last traded at $6.7850. Approximately 2,295,861 shares traded hands during trading, a decline of 24% from the average daily volume of 3,027,831 shares. The stock had previously closed at $7.20.

Key Headlines Impacting Camping World

Here are the key news stories impacting Camping World this week:

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. KeyCorp reduced their price objective on Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a research report on Thursday, February 26th. Monness Crespi & Hardt reduced their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Truist Financial reduced their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, April 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a research report on Monday, December 29th. Finally, Zacks Research cut Camping World from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.70.

Read Our Latest Report on CWH

Camping World Stock Up 5.6%

The business has a 50-day simple moving average of $8.35 and a two-hundred day simple moving average of $11.06. The company has a market cap of $790.43 million, a price-to-earnings ratio of -5.33 and a beta of 2.14. The company has a quick ratio of 0.23, a current ratio of 1.20 and a debt-to-equity ratio of 4.14.

Camping World (NYSE:CWHGet Free Report) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.10). Camping World had a negative return on equity of 3.29% and a negative net margin of 1.41%.The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the firm earned ($0.47) EPS. Camping World’s quarterly revenue was down 2.6% on a year-over-year basis. As a group, equities analysts forecast that Camping World will post -0.66 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

Large investors have recently made changes to their positions in the business. Capital Research Global Investors lifted its position in shares of Camping World by 15.5% during the 3rd quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock worth $58,670,000 after purchasing an additional 499,999 shares during the last quarter. Royce & Associates LP acquired a new position in shares of Camping World during the 3rd quarter worth about $6,663,000. Voya Investment Management LLC lifted its position in shares of Camping World by 34.1% during the 3rd quarter. Voya Investment Management LLC now owns 911,553 shares of the company’s stock worth $14,393,000 after purchasing an additional 231,834 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Camping World by 42.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 390,853 shares of the company’s stock worth $5,945,000 after purchasing an additional 117,138 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Camping World by 264.6% during the 3rd quarter. SG Americas Securities LLC now owns 55,034 shares of the company’s stock worth $869,000 after purchasing an additional 39,939 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

About Camping World

(Get Free Report)

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.

Further Reading

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