Camping World (NYSE:CWH) Stock Price Down 7% – Here’s What Happened

Camping World (NYSE:CWH)’s share price fell 7% on Thursday . The stock traded as low as $6.34 and last traded at $6.3250. 109,367 shares traded hands during trading, a decline of 96% from the average daily volume of 2,815,977 shares. The stock had previously closed at $6.80.

Wall Street Analysts Forecast Growth

CWH has been the subject of a number of analyst reports. Citigroup reduced their price target on Camping World from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. Roth Capital set a $12.00 target price on shares of Camping World in a research report on Monday, August 3rd. Raymond James Financial set a $8.25 target price on shares of Camping World in a research note on Friday, July 31st. KeyCorp dropped their price target on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their price target on shares of Camping World from $16.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, one has given 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 $12.02.

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 firm has a market cap of $680.68 million, a price-to-earnings ratio of -4.25 and a beta of 2.06. The stock’s fifty day moving average price is $6.68 and its 200-day moving average price is $7.60.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s revenue was down 2.1% on a year-over-year basis. Equities research analysts predict that Camping World will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Eminence Capital LP raised its position in Camping World by 45.8% during the fourth 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. boosted its position in Camping World by 86.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after acquiring an additional 914,421 shares during the period. Bank of America Corp DE grew its stake in Camping World by 128.1% during the 3rd quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock valued at $21,250,000 after acquiring an additional 755,665 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Camping World by 94.9% during the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after acquiring an additional 741,263 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its holdings in shares of Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after purchasing an additional 490,245 shares during the period. Hedge funds and other institutional investors 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.