Camping World (NYSE:CWH) Shares Down 7% - Should You Sell?

Key Points

• Camping World shares fell 7% to about $6.33, trading below both their 50-day and 200-day moving averages. The company has a market capitalization of roughly $664 million and substantial leverage, with a debt-to-equity ratio of 3.77.
• Recent quarterly results were mixed: Camping World met the $0.57 EPS consensus but revenue of $1.93 billion fell short of estimates and declined 2.1% year over year. Analysts expect approximately $0.09 in EPS for the current fiscal year.
• Despite the selloff, analyst sentiment remains a “Moderate Buy”, with 10 Buy, one Hold and one Sell rating and an average price target of $12.02. Institutional investors own 52.54% of the company, with several funds recently increasing their positions.

Camping World (NYSE:CWH - Get Free Report)'s stock price traded down 7% on Thursday . The stock traded as low as $6.34 and last traded at $6.3250. Approximately 109,367 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 2,815,977 shares. The stock had previously closed at $6.80.

Analysts Set New Price Targets

Several research analysts have commented on CWH shares. Zacks Research upgraded shares of Camping World from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Citigroup cut their price target on Camping World from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. KeyCorp reduced their price objective on Camping World from $12.00 to $9.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. decreased their price objective on Camping World from $16.00 to $11.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Wall Street Zen raised Camping World from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. Ten analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $12.02.

Camping World Stock Down 5.5%

The firm's fifty day moving average is $6.74 and its two-hundred day moving average is $7.65. The firm has a market cap of $663.64 million, a price-to-earnings ratio of -4.15 and a beta of 2.06. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter last year, the company earned $0.57 EPS. Camping World's quarterly revenue was down 2.1% on a year-over-year basis. On average, sell-side analysts expect that Camping World will post 0.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC boosted its stake in Camping World by 995.1% during the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock valued at $3,058,000 after purchasing an additional 406,852 shares in the last quarter. KBC Group NV bought a new stake in shares of Camping World in the 1st quarter worth $2,003,000. GSA Capital Partners LLP bought a new position in Camping World during the fourth quarter valued at about $898,000. Vanguard Group Inc. grew its holdings in Camping World by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company's stock worth $58,585,000 after acquiring an additional 190,557 shares during the period. Finally, Eminence Capital LP grew its holdings in Camping World by 45.8% during the fourth quarter. Eminence Capital LP now owns 5,779,805 shares of the company's stock worth $56,238,000 after acquiring an additional 1,815,042 shares during the period. Institutional investors and hedge funds 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.

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