Camping World (NYSE:CWH) Trading Down 5.8% – Here’s What Happened

Camping World (NYSE:CWH)’s share price dropped 5.8% during mid-day trading on Thursday . The company traded as low as $5.97 and last traded at $5.9050. 160,423 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 2,910,090 shares. The stock had previously closed at $6.27.

Wall Street Analyst Weigh In

CWH has been the subject of a number of recent research reports. Weiss Ratings downgraded shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Citigroup cut their target price on shares of Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday. Raymond James Financial set a $10.00 target price on Camping World in a report on Friday, May 1st. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a report on Saturday, July 18th. Nine 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Camping World Stock Performance

The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17. The stock’s fifty day moving average is $7.05 and its two-hundred day moving average is $8.50. The firm has a market cap of $589.62 million, a price-to-earnings ratio of -3.84 and a beta of 2.04.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period last year, the firm posted ($0.16) EPS. Camping World’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts expect that Camping World will post 0.33 earnings per share for the current fiscal year.

Institutional Trading of Camping World

Hedge funds have recently added to or reduced their stakes in the business. Burney Co. increased its holdings in shares of Camping World by 107.8% during the fourth quarter. Burney Co. now owns 201,614 shares of the company’s stock valued at $1,962,000 after purchasing an additional 104,569 shares during the period. Walleye Capital LLC lifted its holdings in Camping World by 995.1% in the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after purchasing an additional 406,852 shares during the period. GSA Capital Partners LLP bought a new position in Camping World in the 4th quarter valued at about $898,000. Vanguard Group Inc. grew its position in Camping World by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock valued at $58,585,000 after buying an additional 190,557 shares in the last quarter. Finally, Tudor Investment Corp ET AL grew its position in Camping World by 33.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 453,044 shares of the company’s stock valued at $7,154,000 after buying an additional 112,964 shares in the last quarter. Institutional investors 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.