Camping World (NYSE:CWH) Reaches New 52-Week Low – Should You Sell?

Shares of Camping World (NYSE:CWH) reached a new 52-week low during trading on Monday . The company traded as low as $6.85 and last traded at $7.05, with a volume of 1396860 shares. The stock had previously closed at $7.36.

Wall Street Analyst Weigh In

CWH has been the topic of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Camping World in a research report on Monday, December 29th. Roth Mkm reissued a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Camping World in a research note on Thursday, February 26th. BMO Capital Markets lowered 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. Truist Financial dropped their price target on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, November 10th. Finally, Zacks Research cut Camping World from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.80.

Camping World Stock Performance

The company has a market cap of $730.35 million, a P/E ratio of -4.96 and a beta of 2.15. The company’s fifty day moving average is $11.60 and its 200 day moving average is $13.12. The company has a current ratio of 1.20, a quick ratio of 0.23 and a debt-to-equity ratio of 4.14.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.10). Camping World had a negative return on equity of 3.29% and a negative net margin of 1.41%.The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the firm earned ($0.47) earnings per share. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP grew its position in Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after acquiring an additional 1,502 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Camping World in the fourth quarter valued at approximately $25,000. State of Wyoming purchased a new stake in shares of Camping World during the third quarter valued at approximately $43,000. Aster Capital Management DIFC Ltd bought a new position in shares of Camping World in the third quarter worth approximately $83,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after purchasing an additional 4,998 shares during 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.