Camping World (NYSE:CWH) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Camping World (NYSE:CWH) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $6.76 and traded as low as $6.16. Camping World shares last traded at $6.23, with a volume of 1,675,126 shares.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CWH. 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 research note on Friday, July 31st. Robert W. Baird set a $7.00 price objective on Camping World in a research report on Friday, July 31st. Bank of America reissued a “buy” rating and issued a $14.00 price objective on shares of Camping World in a report on Friday, July 31st. Citigroup lowered their target price on Camping World from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Finally, Wall Street Zen raised Camping World from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.02.

Camping World Stock Up 7.9%

The business has a fifty day moving average price of $6.74 and a two-hundred day moving average price of $7.70. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The company has a market cap of $701.86 million, a price-to-earnings ratio of -4.38 and a beta of 2.06.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. On average, equities analysts predict that Camping World will post 0.09 earnings per share for the current year.

Institutional Trading of Camping World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Walleye Capital LLC raised its position in shares of Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after acquiring an additional 406,852 shares during the last quarter. KBC Group NV bought a new position in shares of Camping World during the 1st quarter valued at about $2,003,000. GSA Capital Partners LLP acquired a new position in shares of Camping World in the 4th quarter valued at approximately $898,000. Vanguard Group Inc. increased its stake in Camping World by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock worth $58,585,000 after purchasing an additional 190,557 shares in the last quarter. Finally, Eminence Capital LP raised its holdings in Camping World by 45.8% during the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after buying an additional 1,815,042 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.