Camping World (NYSE:CWH) Hits New 52-Week Low – Time to Sell?

Camping World (NYSE:CWH)’s share price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.91 and last traded at $4.8750, with a volume of 107724 shares changing hands. The stock had previously closed at $5.02.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Truist Financial dropped their price objective on Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. KeyCorp dropped their price target 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. Raymond James Financial set a $8.25 price objective on shares of Camping World in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective 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. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and an average price target of $11.39.

Camping World Price Performance

The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. The stock has a market cap of $502.51 million, a P/E ratio of -3.13 and a beta of 2.07. The company’s 50 day simple moving average is $6.15 and its 200 day simple moving average is $6.71.

Camping World (NYSE:CWH) last announced its quarterly 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 for the quarter, compared to analysts’ expectations of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. As a group, equities analysts forecast that Camping World will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Camping World in the fourth quarter worth about $25,000. Allworth Financial LP raised its position in shares of Camping World by 777.1% during the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock worth $25,000 after purchasing an additional 2,852 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of Camping World during the 2nd quarter valued at about $28,000. Essential Partners LLC bought a new position in shares of Camping World during the 1st quarter valued at about $69,000. Finally, World Investment Advisors grew its position in shares of Camping World by 10.2% in the 1st quarter. World Investment Advisors now owns 22,443 shares of the company’s stock valued at $153,000 after purchasing an additional 2,078 shares during the period. 52.54% of the stock is currently owned by institutional investors.

About Camping World

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.