Camping World (NYSE:CWH) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Camping World (NYSE:CWH) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.10 and traded as low as $6.59. Camping World shares last traded at $6.93, with a volume of 1,198,788 shares changing hands.

Analysts Set New Price Targets

Several research analysts have commented on the company. Bank of America reaffirmed a “buy” rating and set a $14.00 target price on shares of Camping World in a report on Friday, July 31st. Citigroup decreased their price target on Camping World from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. JPMorgan Chase & Co. lowered their price objective 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. Raymond James Financial set a $8.25 price objective on Camping World in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $12.02.

Camping World Stock Down 0.4%

The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. The firm has a market cap of $715.80 million, a P/E ratio of -4.47 and a beta of 2.07. The stock’s 50-day simple moving average is $6.47 and its 200 day simple moving average is $7.10.

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

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new stake in Camping World in the second quarter worth approximately $28,000. Essential Partners LLC bought a new position in shares of Camping World during the 1st quarter worth approximately $69,000. Royal Bank of Canada grew its position in shares of Camping World by 99.8% during the 1st quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after buying an additional 14,679 shares during the period. Entropy Technologies LP grew its position in shares of Camping World by 5.3% during the 1st quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock worth $279,000 after buying an additional 2,048 shares during the period. Finally, Inceptionr LLC increased its stake in shares of Camping World by 110.2% in the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock valued at $340,000 after acquiring an additional 26,123 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors.

Camping World Company Profile

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.