Camping World (NYSE:CWH) Reaches New 12-Month Low – Time to Sell?

Camping World Holdings, Inc. (NYSE:CWH) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $11.77 and last traded at $11.85, with a volume of 101180 shares. The stock had previously closed at $12.01.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America assumed coverage on Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 price objective on the stock. Baird R W cut Camping World from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. KeyCorp decreased their target price on shares of Camping World from $22.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday. Truist Financial reduced their price objective on Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a report on Monday. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $18.00 target price (down previously from $28.00) on shares of Camping World in a research note on Friday, April 4th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $23.63.

Camping World Stock Performance

The stock’s 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $20.82. The company has a market cap of $1.22 billion, a PE ratio of -17.35, a P/E/G ratio of 0.92 and a beta of 2.32. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, hitting the consensus estimate of ($0.55). The company had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. As a group, research analysts anticipate that Camping World Holdings, Inc. will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 annualized dividend and a dividend yield of 4.18%. Camping World’s payout ratio is -65.79%.

Insider Buying and Selling at Camping World

In other news, President Matthew D. Wagner purchased 5,725 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the purchase, the president now directly owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 35.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Camping World

Institutional investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. lifted its position in shares of Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of Camping World in the 1st quarter valued at approximately $44,000. Mpwm Advisory Solutions LLC bought a new position in Camping World during the fourth quarter worth $63,000. Sandia Investment Management LP bought a new stake in Camping World during the fourth quarter valued at $105,000. Finally, Summit Investment Advisors Inc. lifted its position in shares of Camping World by 33.4% in the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after buying an additional 1,390 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.