Camping World Holdings Inc (NYSE:CWH)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $8.01 and last traded at $8.12, with a volume of 6185 shares trading hands. The stock had previously closed at $8.40.
Several brokerages have recently weighed in on CWH. Robert W. Baird downgraded shares of Camping World from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $18.00 to $12.00 in a report on Friday, July 26th. BMO Capital Markets lowered their target price on shares of Camping World from $11.00 to $9.00 and set a “market perform” rating on the stock in a report on Friday, August 9th. JPMorgan Chase & Co. downgraded shares of Camping World from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $11.00 in a report on Thursday, August 8th. ValuEngine raised shares of Camping World from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $14.00 target price (down previously from $19.00) on shares of Camping World in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $13.68.
The company has a debt-to-equity ratio of 264.05, a current ratio of 1.35 and a quick ratio of 0.22. The company’s 50 day moving average is $10.99 and its 200 day moving average is $12.71. The stock has a market cap of $742.93 million, a price-to-earnings ratio of 6.70, a PEG ratio of 1.41 and a beta of 2.91.
In related news, insider Marcus Lemonis acquired 8,410 shares of Camping World stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of $11.91 per share, for a total transaction of $100,163.10. Following the completion of the purchase, the insider now directly owns 207,504 shares of the company’s stock, valued at $2,471,372.64. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Abrams Capital Management, L.P acquired 178,659 shares of Camping World stock in a transaction that occurred on Tuesday, May 28th. The stock was bought at an average price of $11.04 per share, with a total value of $1,972,395.36. The disclosure for this purchase can be found here. Insiders purchased 287,537 shares of company stock valued at $3,040,885 in the last quarter. Company insiders own 49.40% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC purchased a new stake in Camping World during the second quarter worth approximately $2,206,000. OneAscent Financial Services LLC purchased a new stake in Camping World during the second quarter worth approximately $199,000. CSat Investment Advisory L.P. purchased a new stake in Camping World during the second quarter worth approximately $26,000. Cubist Systematic Strategies LLC purchased a new stake in Camping World during the second quarter worth approximately $358,000. Finally, Nomura Holdings Inc. purchased a new stake in Camping World during the second quarter worth approximately $300,000. Institutional investors own 40.00% of the company’s stock.
About Camping World (NYSE:CWH)
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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