Camping World (NYSE:CWH) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Camping World (NYSE:CWH)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.10 and traded as low as $6.59. Camping World shares last traded at $6.93, with a volume of 1,198,788 shares changing hands.

Analysts Set New Price Targets

CWH has been the topic of several research reports. Robert W. Baird set a $7.00 price objective on shares of Camping World in a report on Friday, July 31st. Citigroup cut their target price on shares of Camping World from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. KeyCorp reduced their target price on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Camping World from $16.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.02.

Camping World Trading Down 0.4%

The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The stock has a market capitalization of $715.80 million, a price-to-earnings ratio of -4.47 and a beta of 2.07. The business has a fifty day simple moving average of $6.47 and a 200 day simple moving average of $7.10.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.57. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The company’s revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.57 earnings per share. As a group, research analysts expect that Camping World will post 0.09 EPS for the current year.

Institutional Trading of Camping World

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG grew its holdings in Camping World by 0.4% during the 3rd quarter. UBS Group AG now owns 266,095 shares of the company’s stock worth $4,202,000 after acquiring an additional 982 shares during the last quarter. Alliancebernstein L.P. increased its position in Camping World by 2.2% in the 3rd quarter. Alliancebernstein L.P. now owns 55,200 shares of the company’s stock valued at $872,000 after acquiring an additional 1,200 shares during the period. XTX Topco Ltd raised its stake in shares of Camping World by 5.8% during the fourth quarter. XTX Topco Ltd now owns 23,079 shares of the company’s stock valued at $225,000 after acquiring an additional 1,273 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Camping World by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after acquiring an additional 1,401 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Camping World by 2,275.8% during the third 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. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.