Camping World (NYSE:CWH) Trading Down 7% – Here’s What Happened

Camping World (NYSE:CWH) shares were down 7% during mid-day trading on Thursday . The stock traded as low as $6.34 and last traded at $6.3250. 109,367 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 2,815,977 shares. The stock had previously closed at $6.80.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Robert W. Baird set a $7.00 price target on Camping World in a report on Friday, July 31st. Finally, Citigroup dropped their price target on Camping World from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $12.02.

Camping World Price Performance

The stock has a 50-day moving average of $6.74 and a two-hundred day moving average of $7.65. The firm has a market cap of $663.64 million, a price-to-earnings ratio of -4.15 and a beta of 2.06. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company earned $0.57 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts anticipate that Camping World will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Camping World

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Camping World in the 4th quarter valued at approximately $25,000. Quarry LP boosted its stake in Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after purchasing an additional 1,502 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Camping World during the 2nd quarter worth approximately $28,000. Essential Partners LLC purchased a new position in Camping World during the 1st quarter worth approximately $69,000. Finally, Russell Investments Group Ltd. raised its stake in Camping World by 923.8% during the 3rd 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 during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

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.