Camping World (NYSE:CWH) Stock Price Up 4.1% – Here’s What Happened

Camping World (NYSE:CWH) rose 4.1% during trading on Friday. The stock traded as high as $5.37 and last traded at $5.4050. 314,521 shares were traded during trading, a decline of 88% from the average session volume of 2,675,647 shares. The stock had previously closed at $5.19.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CWH. Robert W. Baird set a $7.00 price objective on shares of Camping World in a report on Friday, July 31st. Wall Street Zen upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Truist Financial lowered their price target on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a report on Thursday, September 10th. Weiss Ratings raised Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Finally, Raymond James Financial set a $8.25 price objective on Camping World in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $11.57.

Camping World Stock Performance

The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The firm’s fifty day moving average price is $6.23 and its two-hundred day moving average price is $6.76. The stock has a market capitalization of $554.15 million, a PE ratio of -3.46 and a beta of 2.07.

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

Institutional Investors Weigh In On Camping World

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Camping World during the fourth quarter worth about $25,000. Allworth Financial LP raised its holdings in shares of Camping World by 777.1% during the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock valued at $25,000 after acquiring an additional 2,852 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Camping World during the second quarter valued at approximately $28,000. Essential Partners LLC purchased a new position in shares of Camping World in the first quarter valued at approximately $69,000. Finally, World Investment Advisors lifted its position in shares of Camping World by 10.2% in the first quarter. World Investment Advisors now owns 22,443 shares of the company’s stock valued at $153,000 after acquiring an additional 2,078 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.