Camping World (NYSE:CWH) Stock Jumps 9.5% – What’s Next?

Camping World (NYSE:CWH) shares rose 9.5% during trading on Thursday. The stock traded as high as $5.02 and last traded at $5.0150. Approximately 430,984 shares changed hands during trading, a decline of 84% from the average session volume of 2,643,837 shares. The stock had previously closed at $4.58.

Analysts Set New Price Targets

A number of brokerages recently commented on CWH. Citigroup dropped their target price on Camping World from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Tuesday, October 13th. Truist Financial dropped their price target on shares of Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, September 10th. Robert W. Baird set a $7.00 price target on shares of Camping World in a research report on Friday, July 31st. Northcoast Research set a $11.00 price objective on shares of Camping World in a report on Monday, October 19th. Finally, Bank of America reiterated a “buy” rating and issued a $14.00 price objective on shares of Camping World in a research report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.02.

Camping World Stock Up 8.6%

The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. The business’s 50 day moving average is $5.44 and its 200-day moving average is $7.49. The stock has a market cap of $513.87 million, a price-to-earnings ratio of -3.21 and a beta of 2.15.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the business earned $0.57 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. On average, sell-side analysts predict that Camping World will post -0.06 EPS for the current fiscal year.

Institutional Trading of Camping World

Large investors have recently made changes to their positions in the company. Vise Technologies Inc. acquired a new position in Camping World in the 3rd quarter valued at $81,000. Axxcess Wealth Management LLC acquired a new stake in Camping World during the 3rd quarter worth $63,000. WINTON GROUP Ltd purchased a new stake in shares of Camping World during the second quarter worth $762,000. Allworth Financial LP raised its position in shares of Camping World by 777.1% in the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock valued at $25,000 after buying an additional 2,852 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Camping World in the second quarter worth about $28,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.