Camping World (NYSE:CWH) Shares Down 3.8% - Here's What Happened

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.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CWH shares. Zacks Research raised shares of Camping World from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. Raymond James Financial cut their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a research report on Thursday, July 31st. 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. KeyCorp upped their target price on shares of Camping World from $18.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Finally, Truist Financial upped their target price on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Camping World has an average rating of "Moderate Buy" and a consensus price target of $21.78.

Camping World Trading Down 5.0%

The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. The firm's 50 day moving average price is $16.99 and its 200-day moving average price is $16.39. The stock has a market cap of $1.70 billion, a P/E ratio of -83.20 and a beta of 1.92.

Camping World (NYSE:CWH - Get Free Report) last announced its 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 company had revenue of $1.98 billion for the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. Camping World's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. 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 will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio (DPR) is presently -250.00%.

Hedge Funds Weigh In On Camping World

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Camping World by 4.3% during the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company's stock valued at $97,521,000 after purchasing an additional 247,134 shares during the last quarter. Eminence Capital LP increased its position in Camping World by 123.3% during the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company's stock valued at $71,076,000 after purchasing an additional 2,283,331 shares during the period. Balyasny Asset Management L.P. increased its position in Camping World by 18.0% during 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. Crestview Partners II GP L.P. grew its position in shares of Camping World by 0.4% in the 2nd quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company's stock worth $33,026,000 after buying an additional 6,913 shares during the last quarter. Finally, Qube Research & Technologies Ltd grew its position in shares of Camping World by 8.2% in the 2nd quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company's stock worth $24,563,000 after buying an additional 108,565 shares during the last quarter. Institutional investors own 52.54% of the company's stock.

Camping World Company Profile

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.