Camping World (NYSE:CWH) Shares Pass Below 50-Day Moving Average - What's Next?

Key Points

• Camping World shares fell below their 50-day moving average, trading as low as $6.16 and last changing hands at $6.23, below the $6.76 average. The stock’s 200-day moving average is $7.75.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $12.02. Price targets range from $7.00 at Robert W. Baird to $14.00 at Bank of America, while JPMorgan cut its target to $11.00 but maintained an overweight rating.
• The company matched quarterly EPS expectations at $0.57, but revenue of $1.93 billion missed estimates of $1.99 billion and declined 2.1% year over year. Camping World reported negative net margin and return on equity, while institutional investors own 52.54% of the stock.

Shares of Camping World (NYSE:CWH - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $6.76 and traded as low as $6.16. Camping World shares last traded at $6.23, with a volume of 1,675,126 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised Camping World from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Bank of America restated a "buy" rating and issued a $14.00 target price on shares of Camping World in a research note on Friday, July 31st. Zacks Research raised Camping World from a "strong sell" rating to a "hold" rating in a research report on Monday, April 27th. Robert W. Baird set a $7.00 price objective on shares of Camping World in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Camping World from $16.00 to $11.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $12.02.

Camping World Stock Performance

The company has a market capitalization of $643.50 million, a price-to-earnings ratio of -4.02 and a beta of 2.06. The firm has a fifty day simple moving average of $6.76 and a 200 day simple moving average of $7.75. 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 announced its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $1.99 billion. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business's revenue was down 2.1% compared to the same quarter last year. On average, analysts anticipate that Camping World will post 0.09 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently modified their holdings of CWH. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Camping World during the 4th quarter worth approximately $25,000. Quarry LP lifted its holdings in 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 acquiring an additional 1,502 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Camping World in the second quarter worth approximately $28,000. Essential Partners LLC purchased a new position in Camping World in the first quarter worth approximately $69,000. Finally, Russell Investments Group Ltd. increased its stake in Camping World by 923.8% during the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company's stock worth $87,000 after acquiring an additional 4,998 shares during the last quarter. 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.

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