Camping World (NYSE:CWH) Sets New 52-Week Low – Here’s Why

Shares of Camping World (NYSE:CWH) reached a new 52-week low during trading on Wednesday . The company traded as low as $9.87 and last traded at $9.9270, with a volume of 190230 shares trading hands. The stock had previously closed at $10.17.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $22.00 target price on shares of Camping World in a report on Thursday, October 30th. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. JPMorgan Chase & Co. lowered their price objective on Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, November 3rd. Truist Financial decreased their target price on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. 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 target on the stock. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.90.

Camping World Stock Performance

The company has a 50 day simple moving average of $14.86 and a 200-day simple moving average of $16.33. 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 stock has a market cap of $1.00 billion, a P/E ratio of -10.54 and a beta of 1.91.

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

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 15th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date was Monday, September 15th. Camping World’s dividend payout ratio is currently -53.76%.

Institutional Trading of Camping World

Several institutional investors and hedge funds have recently bought and sold shares of CWH. Quarry LP grew its holdings in shares of Camping World by 2,275.8% during the 3rd 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. State of Wyoming bought a new stake in shares of Camping World during the third quarter valued at approximately $43,000. US Bancorp DE purchased a new stake in Camping World in the first quarter worth $72,000. Aster Capital Management DIFC Ltd bought a new position in Camping World in the third quarter worth $83,000. Finally, Russell Investments Group Ltd. boosted its holdings in Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after acquiring an additional 4,998 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.