Camping World (NYSE:CWH) Stock Price Down 11.6% Following Weak Earnings

Camping World (NYSE:CWH) was down 11.6% during mid-day trading on Wednesday following a weaker than expected earnings announcement. The stock traded as low as $15.12 and last traded at $15.60. Approximately 1,227,394 shares traded hands during trading, a decline of 43% from the average daily volume of 2,154,743 shares. The stock had previously closed at $17.64.

The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 3.08%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Friday, June 13th. Camping World’s payout ratio is currently -108.70%.

Analyst Upgrades and Downgrades

CWH has been the topic of a number of recent research reports. Robert W. Baird dropped their price target on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Baird R W cut shares of Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. JPMorgan Chase & Co. upgraded shares of Camping World from a “neutral” rating to an “overweight” rating and dropped their price target for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Monness Crespi & Hardt dropped their price target on shares of Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Truist Financial increased their target price on shares of Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.44.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Camping World by 32.9% in the 2nd quarter. CWM LLC now owns 10,158 shares of the company’s stock worth $175,000 after buying an additional 2,513 shares during the last quarter. McElhenny Sheffield Capital Management LLC bought a new position in shares of Camping World in the 2nd quarter worth $1,891,000. KLP Kapitalforvaltning AS increased its holdings in shares of Camping World by 28.0% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,700 shares of the company’s stock worth $236,000 after buying an additional 3,000 shares during the last quarter. 111 Capital bought a new position in shares of Camping World in the 2nd quarter worth $252,000. Finally, Voya Investment Management LLC increased its holdings in shares of Camping World by 28.1% in the 1st quarter. Voya Investment Management LLC now owns 934,173 shares of the company’s stock worth $15,096,000 after buying an additional 204,679 shares during the last quarter. Institutional investors own 52.54% of the company’s stock.

Camping World Stock Down 15.2%

The stock’s fifty day moving average price is $17.78 and its 200 day moving average price is $17.78. The stock has a market cap of $1.53 billion, a P/E ratio of -74.80 and a beta of 1.86. The company has a current ratio of 1.26, a quick ratio of 0.19 and a debt-to-equity ratio of 3.53.

Camping World Company Profile

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.