Camping World (NYSE:CWH) Trading 12.3% Higher – Here’s Why

Camping World (NYSE:CWH)’s share price was up 12.3% during trading on Wednesday . The company traded as high as $7.32 and last traded at $7.1550. Approximately 608,674 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 3,061,100 shares. The stock had previously closed at $6.37.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CWH shares. Roth Mkm reiterated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. KeyCorp dropped their target price on Camping World from $18.00 to $12.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Monness Crespi & Hardt dropped their target price on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Zacks Research cut Camping World from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Finally, BMO Capital Markets dropped their target price on Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.80.

Camping World Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.23 and a debt-to-equity ratio of 4.14. The stock has a market capitalization of $739.96 million, a P/E ratio of -5.00 and a beta of 2.14. The stock has a 50 day moving average of $9.21 and a 200-day moving average of $11.45.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, February 24th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.10). Camping World had a negative return on equity of 3.29% and a negative net margin of 1.41%.The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the prior year, the business posted ($0.47) earnings per share. Camping World’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently modified their holdings of CWH. AQR Capital Management LLC bought a new stake in shares of Camping World during the 1st quarter worth approximately $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock worth $539,000 after acquiring an additional 1,401 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Camping World by 66.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock worth $14,372,000 after acquiring an additional 354,333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Camping World by 17.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock worth $1,927,000 after acquiring an additional 17,665 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Camping World by 371.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 278,701 shares of the company’s stock worth $4,791,000 after acquiring an additional 219,568 shares during the last quarter. 52.54% of the stock is 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.