Camping World (NYSE:CWH) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Camping World (NYSE:CWH) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.10 and traded as low as $6.59. Camping World shares last traded at $6.93, with a volume of 1,198,788 shares trading hands.

Analyst Upgrades and Downgrades

CWH has been the subject of a number of recent analyst reports. Citigroup cut their price objective on shares of Camping World from $10.00 to $9.00 and set a “buy” rating for the company in a report on Monday, August 3rd. Roth Capital set a $12.00 target price on shares of Camping World in a research note on Monday, August 3rd. Raymond James Financial set a $8.25 target price on Camping World in a research report on Friday, July 31st. Weiss Ratings raised Camping World from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Camping World from $16.00 to $11.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and an average price target of $12.02.

Camping World Trading Down 5.9%

The company has a 50 day simple moving average of $6.45 and a 200 day simple moving average of $7.06. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The company has a market capitalization of $676.76 million, a PE ratio of -4.23 and a beta of 2.07.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the business posted $0.57 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that Camping World will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On Camping World

Large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Camping World in the fourth quarter worth about $25,000. Allworth Financial LP grew its holdings in Camping World by 777.1% in the 2nd quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock valued at $25,000 after buying an additional 2,852 shares in the last quarter. Quarry LP grew its holdings in shares of Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after purchasing an additional 1,502 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Camping World during the second quarter worth about $28,000. Finally, Essential Partners LLC purchased a new position in Camping World during the first quarter worth about $69,000. Hedge funds and other 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.