Camping World (NYSE:CWH) Stock Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Camping World shares fell below their 50-day moving average, trading as low as $6.25 versus the $6.57 average, before last trading at $6.59. The stock’s 200-day moving average is higher at $7.36.
• Analysts remain broadly positive despite lowering price targets: ten analysts rate CWH a Buy, one rates it Hold, and one rates it Sell, producing a “Moderate Buy” consensus and an average target of $12.02.
• Camping World matched quarterly EPS expectations at $0.57, but revenue of $1.93 billion missed estimates and declined 2.1% year over year. The company continues to show negative net margins and carries a debt-to-equity ratio of 3.77.

Shares of Camping World (NYSE:CWH - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $6.57 and traded as low as $6.25. Camping World shares last traded at $6.59, with a volume of 1,337,212 shares.

Analyst Ratings Changes

CWH has been the topic of several research analyst reports. KeyCorp cut their price objective on Camping World from $12.00 to $9.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. JPMorgan Chase & Co. decreased their target price on Camping World from $16.00 to $11.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Citigroup lowered their target price on shares of Camping World from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Monday, August 3rd. Raymond James Financial set a $8.25 target price on shares of Camping World in a research note on Friday, July 31st. Finally, Robert W. Baird set a $7.00 price target on shares of Camping World in a research note on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $12.02.

Camping World Stock Up 2.5%

The stock has a market cap of $680.68 million, a PE ratio of -4.25 and a beta of 2.06. The business has a fifty day moving average of $6.57 and a 200-day moving average of $7.36. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30.

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

Hedge Funds Weigh In On Camping World

Institutional investors have recently made changes to their positions in the company. Quarry LP lifted its stake in Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company's stock worth $25,000 after acquiring an additional 1,502 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Camping World during the 4th quarter valued at about $25,000. Public Employees Retirement System of Ohio purchased a new position in Camping World during the 2nd quarter valued at about $28,000. Russell Investments Group Ltd. raised its holdings in shares of Camping World by 923.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company's stock valued at $87,000 after purchasing an additional 4,998 shares in the last quarter. Finally, Advisory Services Network LLC bought a new stake in shares of Camping World in the 3rd quarter valued at about $109,000. Hedge funds and other institutional investors own 52.54% of the company's stock.

About Camping World

Camping World Holdings, Inc NYSE: CWH is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World's offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.

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