Camping World (NYSE:CWH) Stock Price Down 8.6% – Should You Sell?

Shares of Camping World (NYSE:CWH) fell 8.6% during trading on Monday . The stock traded as low as $6.86 and last traded at $6.8450. 1,140,251 shares changed hands during trading, a decline of 64% from the average session volume of 3,205,749 shares. The stock had previously closed at $7.49.

Analysts Set New Price Targets

Several research firms recently commented on CWH. Roth Mkm restated a “buy” rating and set a $16.00 price target (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. Monness Crespi & Hardt decreased their price target on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Truist Financial decreased their price target on shares of Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. BMO Capital Markets decreased their price target on shares of Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Wall Street Zen upgraded shares of Camping World from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Camping World presently has a consensus rating of “Moderate Buy” and an average price target of $15.22.

Camping World Price Performance

The company has a debt-to-equity ratio of 4.30, a current ratio of 1.17 and a quick ratio of 0.23. The stock has a market capitalization of $688.49 million, a price-to-earnings ratio of -4.49 and a beta of 2.11. The stock’s 50 day simple moving average is $6.98 and its 200-day simple moving average is $10.00.

Camping World (NYSE:CWH) last released its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm posted ($0.16) earnings per share. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts expect that Camping World will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Camping World

Several institutional investors and hedge funds have recently bought and sold shares of CWH. Eminence Capital LP increased its holdings in Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after buying an additional 1,815,042 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Camping World by 86.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after purchasing an additional 914,421 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Camping World by 128.1% in the 3rd quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock worth $21,250,000 after purchasing an additional 755,665 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Camping World by 94.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock worth $14,815,000 after purchasing an additional 741,263 shares during the last quarter. Finally, Capital Research Global Investors grew its holdings in shares of Camping World by 15.5% in the 3rd quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock worth $58,670,000 after purchasing an additional 499,999 shares during the last quarter. 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.