Camping World Holdings Inc. (NYSE:CWH) Stock Price Up 10.2% on Strong Earnings
Camping World Holdings Inc. (NYSE:CWH) shares rose 10.2% during mid-day trading on Friday following a stronger than expected earnings report. The company traded as high as $35.39 and last traded at $34.69, with a volume of 1,794,302 shares trading hands. The stock had previously closed at $31.47.
The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.15. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.16 billion. Camping World Holdings’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS.
CWH has been the topic of several research reports. Credit Suisse Group reiterated an “outperform” rating and set a $36.00 price objective on shares of Camping World Holdings in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Camping World Holdings from a “buy” rating to a “hold” rating in a research note on Friday, April 14th. Wells Fargo & Company upgraded shares of Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Tuesday, May 30th. ValuEngine upgraded shares of Camping World Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co upgraded shares of Camping World Holdings from a “neutral” rating to an “overweight” rating and raised their price target for the company from $37.00 to $38.00 in a research note on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $34.71.
In related news, CFO Thomas F. Wolfe sold 4,179 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $32.01, for a total transaction of $133,769.79. Following the completion of the sale, the chief financial officer now directly owns 49,179 shares in the company, valued at $1,574,219.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brent L. Moody sold 43,684 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $30.44, for a total transaction of $1,329,740.96. Following the sale, the insider now owns 71,327 shares of the company’s stock, valued at $2,171,193.88. The disclosure for this sale can be found here. Insiders have sold 6,750,550 shares of company stock worth $188,992,776 in the last quarter. Company insiders own 66.60% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Camping World Holdings by 72.6% in the second quarter. Vanguard Group Inc. now owns 853,107 shares of the company’s stock worth $26,319,000 after buying an additional 358,886 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Camping World Holdings by 19.8% in the second quarter. Northern Trust Corp now owns 155,959 shares of the company’s stock worth $4,811,000 after buying an additional 25,733 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Camping World Holdings by 57.0% in the second quarter. GSA Capital Partners LLP now owns 74,920 shares of the company’s stock worth $2,311,000 after buying an additional 27,204 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Camping World Holdings by 20.4% in the second quarter. New York State Common Retirement Fund now owns 13,000 shares of the company’s stock worth $401,000 after buying an additional 2,199 shares during the last quarter. Finally, Elk Creek Partners LLC acquired a new stake in shares of Camping World Holdings during the second quarter worth $7,234,000. Hedge funds and other institutional investors own 83.18% of the company’s stock.
The firm has a 50 day moving average price of $31.23 and a 200 day moving average price of $31.12. The firm’s market capitalization is $669.59 million.
WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.watchlistnews.com/camping-world-holdings-inc-nysecwh-stock-price-up-10-2-on-strong-earnings/1475260.html.
About Camping World Holdings
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
Receive News & Ratings for Camping World Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camping World Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.