Camping World (NYSE:CWH) Reaches New 52-Week Low – Here’s Why

Camping World (NYSE:CWH) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $5.52 and last traded at $5.6150, with a volume of 2495273 shares traded. The stock had previously closed at $6.27.

Wall Street Analyst Weigh In

CWH has been the subject of a number of research analyst reports. Truist Financial cut their price objective on shares of 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 downgraded Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Raymond James Financial set a $10.00 price target on Camping World in a report on Friday, May 1st. Finally, Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Nine equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Camping World presently has a consensus rating of “Moderate Buy” and an average price target of $15.22.

Camping World Stock Performance

The company has a debt-to-equity ratio of 4.30, a current ratio of 1.17 and a quick ratio of 0.23. The firm has a market cap of $578.29 million, a P/E ratio of -3.77 and a beta of 2.04. The stock’s 50 day moving average is $7.07 and its two-hundred day moving average is $8.52.

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

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently modified their holdings of the stock. Essential Partners LLC bought a new stake in Camping World in the first quarter valued at $69,000. Royal Bank of Canada lifted its holdings in shares of Camping World by 99.8% during the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock valued at $201,000 after acquiring an additional 14,679 shares during the period. Entropy Technologies LP lifted its holdings in shares of Camping World by 5.3% during the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after acquiring an additional 2,048 shares during the period. Inceptionr LLC boosted its stake in shares of Camping World by 110.2% in the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock valued at $340,000 after purchasing an additional 26,123 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Camping World by 44.7% in the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after purchasing an additional 64,495 shares in the last quarter. 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.