Camping World (NYSE:CWH) Trading Up 8.2% – Should You Buy?

Camping World (NYSE:CWH)’s share price shot up 8.2% during trading on Thursday . The stock traded as high as $12.83 and last traded at $12.86. 1,440,668 shares traded hands during mid-day trading, a decline of 37% from the average session volume of 2,304,408 shares. The stock had previously closed at $11.89.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CWH. Raymond James Financial cut their price target on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Truist Financial cut their target price on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Weiss Ratings restated a “sell (d)” rating on shares of Camping World in a research note on Monday, December 29th. KeyCorp dropped their price target on Camping World from $21.00 to $18.00 and set an “overweight” rating on the stock in a research note on Thursday, October 30th. Finally, Citigroup cut their price objective on Camping World from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Camping World Price Performance

The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of -14.11 and a beta of 2.00. The firm has a 50-day simple moving average of $10.69 and a two-hundred day simple moving average of $14.50. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29.

Camping World (NYSE:CWH) last issued its earnings results on Tuesday, October 28th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were given a dividend of $0.125 per share. The ex-dividend date was Monday, December 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.8%. Camping World’s dividend payout ratio (DPR) is -53.76%.

Hedge Funds Weigh In On Camping World

A number of large investors have recently bought and sold shares of the business. Eminence Capital LP grew its holdings in Camping World by 123.3% in the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after purchasing an additional 2,283,331 shares during the period. Capital Research Global Investors lifted its position in shares of Camping World by 15.5% during the 3rd quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock valued at $58,670,000 after buying an additional 499,999 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after acquiring an additional 490,245 shares during the period. Crestview Partners II GP L.P. increased its holdings in Camping World by 0.4% in the 2nd quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock worth $33,026,000 after acquiring an additional 6,913 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in Camping World by 8.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock worth $24,563,000 after acquiring an additional 108,565 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.