Camping World (NYSE:CWH) Hits New 1-Year Low at $8.01

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.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.19). Camping World had a negative net margin of 0.37% and a negative return on equity of 7.82%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.96 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. Sell-side analysts predict that Camping World Holdings Inc will post 0.53 earnings per share for the current year.

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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