Camping World (NYSE:CWH) Trading Down 6.4% Following Analyst Downgrade

Camping World (NYSE:CWH)’s stock price traded down 6.4% on Monday after Truist Financial lowered their price target on the stock from $20.00 to $15.00. Truist Financial currently has a buy rating on the stock. Camping World traded as low as $11.72 and last traded at $11.6950. 1,345,009 shares were traded during trading, a decline of 39% from the average session volume of 2,201,400 shares. The stock had previously closed at $12.50.

A number of other brokerages have also weighed in on CWH. Raymond James Financial decreased their target price on Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Citigroup decreased their price target on shares of Camping World from $22.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Camping World in a research report on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $22.00 target price on shares of Camping World in a research note on Thursday, October 30th. Finally, Loop Capital initiated coverage on Camping World in a report on Friday, October 31st. They issued a “buy” rating and a $17.00 price objective on the stock. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $18.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWH. Optimize Financial Inc purchased a new position in shares of Camping World during the third quarter valued at approximately $526,000. State of Wyoming purchased a new stake in shares of Camping World during the 3rd quarter worth about $43,000. AlphaQuest LLC increased its position in shares of Camping World by 7.1% in the third quarter. AlphaQuest LLC now owns 11,932 shares of the company’s stock worth $188,000 after acquiring an additional 793 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Camping World in the third quarter valued at about $243,000. Finally, Olympiad Research LP purchased a new stake in shares of Camping World during the 3rd quarter valued at about $254,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Trading Down 6.8%

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -12.56 and a beta of 1.92. The business’s 50-day moving average price is $15.79 and its 200 day moving average price is $16.45.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same quarter in the previous year, the firm earned $0.17 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts forecast that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.50 annualized dividend and a yield of 4.3%. Camping World’s payout ratio is presently -53.76%.

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.