Camping World (NYSE:CWH) Trading Down 6.2% – Here’s Why

Camping World (NYSE:CWH) was down 6.2% during trading on Friday . The stock traded as low as $6.19 and last traded at $6.1350. 1,146,013 shares changed hands during trading, a decline of 61% from the average daily volume of 2,930,927 shares. The stock had previously closed at $6.54.

Analyst Ratings Changes

CWH has been the subject of several recent analyst reports. Weiss Ratings downgraded shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Truist Financial decreased their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Wall Street Zen raised Camping World from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Raymond James Financial set a $10.00 target price on Camping World in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.22.

Camping World Stock Performance

The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. The company has a market cap of $625.77 million, a PE ratio of -4.08 and a beta of 2.04. The firm’s 50-day simple moving average is $7.16 and its two-hundred day simple moving average is $8.65.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.10. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter last year, the company posted ($0.16) earnings per share. The business’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, research analysts anticipate that Camping World will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in Camping World during the 1st quarter valued at about $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock worth $539,000 after purchasing an additional 1,401 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Camping World by 66.2% during the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock worth $14,372,000 after purchasing an additional 354,333 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Camping World by 17.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock worth $1,927,000 after purchasing an additional 17,665 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Camping World by 371.3% in the second quarter. JPMorgan Chase & Co. now owns 278,701 shares of the company’s stock valued at $4,791,000 after buying an additional 219,568 shares during the last quarter. Hedge funds and other institutional investors 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.