Camping World (NYSE:CWH) Trading Down 5.7% - Here's What Happened

Key Points

• Camping World shares fell by 5.7%, reaching a trading low of $15.51 amidst a significant decrease in trading volume—down 81% from the average.
• Analysts have a consensus rating of "Moderate Buy" for Camping World, with eight analysts recommending a buy and a price target averaging $21.67.
• The company reported quarterly earnings of $0.57 EPS, slightly below estimates, but revenue exceeded expectations, up 9.4% year-over-year to $1.98 billion.

Camping World (NYSE:CWH - Get Free Report) shares traded down 5.7% during trading on Tuesday . The company traded as low as $15.51 and last traded at $15.53. 406,789 shares changed hands during mid-day trading, a decline of 81% from the average session volume of 2,193,203 shares. The stock had previously closed at $16.46.

Analyst Ratings Changes

A number of research analysts recently weighed in on CWH shares. Citigroup raised their price objective on Camping World from $21.00 to $22.00 and gave the company a "buy" rating in a research report on Friday. Zacks Research raised Camping World from a "strong sell" rating to a "hold" rating in a research report on Friday, September 5th. Truist Financial increased their price objective on shares of Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. KeyCorp upped their price target on Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Finally, Raymond James Financial decreased their price objective on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $21.67.

Camping World Stock Performance

The business's 50 day moving average is $16.90 and its two-hundred day moving average is $16.39. The company has a market cap of $1.60 billion, a PE ratio of -78.22 and a beta of 1.92. 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 posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). The business had revenue of $1.98 billion during the quarter, compared to analysts' expectations of $1.87 billion. Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%.The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, equities research analysts anticipate that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, September 15th. Camping World's dividend payout ratio is -250.00%.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently made changes to their positions in the company. Ameritas Investment Partners Inc. grew its holdings in Camping World by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company's stock worth $106,000 after acquiring an additional 608 shares during the period. Police & Firemen s Retirement System of New Jersey increased its holdings in shares of Camping World by 6.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,776 shares of the company's stock valued at $220,000 after purchasing an additional 812 shares in the last quarter. Pingora Partners LLC boosted its holdings in Camping World by 2.6% during the second quarter. Pingora Partners LLC now owns 33,400 shares of the company's stock worth $574,000 after buying an additional 850 shares in the last quarter. World Investment Advisors grew its position in Camping World by 9.2% during the second quarter. World Investment Advisors now owns 12,415 shares of the company's stock valued at $213,000 after buying an additional 1,043 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Camping World by 4.4% in the first 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 in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.

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