Camping World (NYSE:CWH) Hits New 12-Month Low - Should You Sell?

Key Points

• Camping World shares fell to a new 52-week low of $4.91, last trading near $4.88 and down 3.1%, below both its 50-day and 200-day moving averages.
• Despite the decline, analysts maintain a consensus “Moderate Buy” rating with an average price target of $11.39; recent targets range from $7 to $10, though several firms have reduced their objectives.
• The company’s latest quarter met EPS expectations at $0.57 but missed revenue estimates, with sales down 2.1% year over year. Camping World also reported negative net margin and return on equity, alongside elevated debt-to-equity of 3.77.

Camping World (NYSE:CWH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday. The stock traded as low as $4.91 and last traded at $4.8750, with a volume of 107724 shares. The stock had previously closed at $5.02.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CWH. Roth Capital reaffirmed a "buy" rating and set a $10.00 price objective (down from $12.00) on shares of Camping World in a report on Monday. Weiss Ratings raised Camping World from a "sell (e+)" rating to a "sell (d)" rating in a research note on Monday, August 3rd. Robert W. Baird set a $7.00 price target on Camping World in a research report on Friday, July 31st. Wall Street Zen upgraded Camping World from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th. Finally, Citigroup dropped their price objective on Camping World from $9.00 to $8.00 and set a "buy" rating for the company in a research note on Wednesday, September 16th. Ten equities research 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. According to data from MarketBeat.com, Camping World presently has an average rating of "Moderate Buy" and a consensus target price of $11.39.

Camping World Stock Down 3.1%

The firm has a fifty day moving average price of $6.15 and a 200 day moving average price of $6.71. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. The company has a market cap of $502.51 million, a P/E ratio of -3.13 and a beta of 2.07.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The business had revenue of $1.93 billion during the quarter, compared to analysts' expectations of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The firm's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Equities research analysts forecast that Camping World will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Camping World

A number of large investors have recently modified their holdings of the stock. WINTON GROUP Ltd bought a new position in Camping World in the 2nd quarter worth approximately $762,000. Allworth Financial LP boosted its position in Camping World by 777.1% in the 2nd quarter. Allworth Financial LP now owns 3,219 shares of the company's stock valued at $25,000 after buying an additional 2,852 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Camping World in the 2nd quarter valued at $28,000. Essential Partners LLC acquired a new stake in shares of Camping World in the 1st quarter valued at $69,000. Finally, Royal Bank of Canada raised its position in shares of Camping World by 99.8% during the first quarter. Royal Bank of Canada now owns 29,387 shares of the company's stock worth $201,000 after acquiring an additional 14,679 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Company Profile

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.

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