Camping World (NYSE:CWH) Shares Down 8.6% – Time to Sell?

Camping World (NYSE:CWH) traded down 8.6% during trading on Monday . The stock traded as low as $6.86 and last traded at $6.8450. 1,140,251 shares traded hands during mid-day trading, a decline of 64% from the average session volume of 3,205,749 shares. The stock had previously closed at $7.49.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Truist Financial lowered their target price on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Wall Street Zen raised Camping World from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Raymond James Financial set a $10.00 target price on Camping World in a research note on Friday, May 1st. Monness Crespi & Hardt lowered their target price on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, BMO Capital Markets reduced their price target on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and a consensus target price of $15.22.

Camping World Trading Down 10.2%

The company has a market capitalization of $692.59 million, a P/E ratio of -4.51 and a beta of 2.11. The business has a fifty day moving average price of $7.11 and a 200 day moving average price of $10.25. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 4.30.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The company’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.16) earnings per share. On average, analysts expect that Camping World will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Camping World

Institutional investors have recently modified their holdings of the company. Capital Research Global Investors lifted its holdings in shares of Camping World by 15.5% in the third quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock valued at $58,670,000 after purchasing an additional 499,999 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Camping World in the third quarter valued at about $6,663,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Camping World by 42.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 390,853 shares of the company’s stock valued at $5,945,000 after purchasing an additional 117,138 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Camping World by 264.6% in the third quarter. SG Americas Securities LLC now owns 55,034 shares of the company’s stock valued at $869,000 after purchasing an additional 39,939 shares in the last quarter. Finally, Burney Co. lifted its holdings in shares of Camping World by 107.8% in the fourth quarter. Burney Co. now owns 201,614 shares of the company’s stock valued at $1,962,000 after purchasing an additional 104,569 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

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.