Camping World (NYSE:CWH) Reaches New 1-Year Low - Here's What Happened

Key Points

• Camping World shares hit a new 52-week low, falling to $5.47 and trading about 3.1% lower, below both their 50-day and 200-day moving averages.
• Analysts remain broadly positive, with 10 Buy ratings and a consensus target price of $11.57, though several firms recently lowered their targets amid the stock’s decline.
• The company’s latest quarter matched EPS expectations at $0.57 but missed revenue estimates, with sales down 2.1% year over year and profitability metrics remaining negative.

Camping World (NYSE:CWH - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $5.47 and last traded at $5.4950, with a volume of 193717 shares changing hands. The stock had previously closed at $5.60.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective 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. Bank of America reissued a "buy" rating and issued a $14.00 target price on shares of Camping World in a research note on Friday, July 31st. Raymond James Financial set a $8.25 price target on Camping World in a research report on Friday, July 31st. Truist Financial dropped their price target on Camping World from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, September 10th. Finally, Weiss Ratings upgraded Camping World from a "sell (e+)" rating to a "sell (d)" rating in a report on Monday, August 3rd. Ten investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $11.57.

Camping World Trading Down 3.1%

The stock has a market capitalization of $560.35 million, a P/E ratio of -3.51 and a beta of 2.07. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The stock's fifty day moving average price is $6.30 and its two-hundred day moving average price is $6.82.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm's quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. Equities research analysts forecast that Camping World will post 0.09 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in Camping World during the 4th quarter valued at about $25,000. Allworth Financial LP increased its stake in Camping World by 777.1% in the 2nd quarter. Allworth Financial LP now owns 3,219 shares of the company's stock worth $25,000 after purchasing an additional 2,852 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Camping World in the 2nd quarter worth approximately $28,000. Essential Partners LLC bought a new stake in Camping World in the first quarter valued at approximately $69,000. Finally, Alpine Global Management LLC bought a new stake in Camping World in the fourth quarter valued at approximately $172,000. Hedge funds and other institutional investors own 52.54% of the company's stock.

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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