Camping World (NYSE:CWH) Stock Price Down 3.8% - What's Next?

Key Points

• Camping World shares fell by **3.8%**, trading around $16.84, with a significant decrease in trading volume compared to its average.
• Analysts have a consensus rating of **"Moderate Buy"** with a price target of **$21.78**, although some have revised estimates up and down in recent months.
• The company reported **$1.98 billion** in revenue for the last quarter, a **9.4% increase** from the previous year, but missed earnings expectations slightly.

Camping World (NYSE:CWH - Get Free Report)'s share price dropped 3.8% on Friday . The company traded as low as $17.01 and last traded at $16.84. Approximately 179,318 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 2,183,157 shares. The stock had previously closed at $17.51.

Wall Street Analyst Weigh In

A number of analysts have commented on CWH shares. Truist Financial boosted their target price on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Zacks Research upgraded Camping World from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Raymond James Financial lowered their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research note on Thursday, July 31st. Citigroup reaffirmed a "buy" rating and set a $23.00 price target (up from $21.00) on shares of Camping World in a research report on Monday, June 16th. Finally, KeyCorp upped their target price on Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, August 14th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.78.

Camping World Stock Down 0.6%

The business's fifty day moving average price is $16.96 and its 200 day moving average price is $16.38. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The company's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.38 earnings per share. On average, equities research analysts expect that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.0%. The ex-dividend date is Monday, September 15th. Camping World's dividend payout ratio is -250.00%.

Hedge Funds Weigh In On Camping World

Large investors have recently modified their holdings of the business. Byrne Asset Management LLC bought a new stake in shares of Camping World during the 1st quarter worth approximately $44,000. US Bancorp DE bought a new position in shares of Camping World in the first quarter worth $72,000. Ameritas Investment Partners Inc. lifted its position in shares of Camping World by 11.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company's stock worth $106,000 after buying an additional 608 shares during the last quarter. CWM LLC boosted its position in Camping World by 1,060.1% in the first quarter. CWM LLC now owns 7,645 shares of the company's stock valued at $124,000 after buying an additional 6,986 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Camping World by 117.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company's stock worth $153,000 after purchasing an additional 4,789 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.