Camping World (NYSE:CWH) Trading Down 4% - What's Next?

Camping World (NYSE:CWH - Get Free Report) fell 4% during mid-day trading on Monday . The company traded as low as $17.67 and last traded at $17.65. 68,683 shares were traded during trading, a decline of 96% from the average session volume of 1,701,655 shares. The stock had previously closed at $18.38.

Wall Street Analysts Forecast Growth

CWH has been the topic of a number of analyst reports. Citigroup restated a "buy" rating and issued a $23.00 target price (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird cut their target price on Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. KeyCorp reiterated an "overweight" rating and set a $18.00 price target (up previously from $16.00) on shares of Camping World in a report on Friday, May 23rd. Finally, Monness Crespi & Hardt dropped their price objective on Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $22.44.

Camping World Stock Performance

The firm has a market cap of $1.88 billion, a PE ratio of -40.04 and a beta of 1.86. The company has a quick ratio of 0.19, a current ratio of 1.26 and a debt-to-equity ratio of 3.53. The company has a 50-day simple moving average of $16.67 and a two-hundred day simple moving average of $18.22.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping analysts' consensus estimates of ($0.23) by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.43 billion. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The business's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.40) EPS. As a group, equities research analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Friday, June 13th. Camping World's payout ratio is -108.70%.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently modified their holdings of the stock. Summit Investment Advisors Inc. grew its holdings in Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock valued at $117,000 after purchasing an additional 1,390 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after buying an additional 1,401 shares during the last quarter. Rafferty Asset Management LLC grew its stake in shares of Camping World by 9.3% during the 1st quarter. Rafferty Asset Management LLC now owns 18,779 shares of the company's stock worth $303,000 after acquiring an additional 1,593 shares during the period. XTX Topco Ltd increased its holdings in Camping World by 17.8% in the 4th quarter. XTX Topco Ltd now owns 16,373 shares of the company's stock worth $345,000 after acquiring an additional 2,470 shares during the last quarter. Finally, A&I Financial Services LLC increased its holdings in Camping World by 11.3% in the 1st quarter. A&I Financial Services LLC now owns 25,302 shares of the company's stock worth $409,000 after acquiring an additional 2,567 shares during the last quarter. Institutional investors own 52.54% of the company's stock.

About Camping World

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.