Camping World (NYSE:CWH) Stock Price Up 8.7% – What’s Next?

Shares of Camping World (NYSE:CWH) traded up 8.7% on Tuesday . The company traded as high as $10.56 and last traded at $10.6270. 614,595 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 1,311,043 shares. The stock had previously closed at $9.78.

Analyst Upgrades and Downgrades

CWH has been the topic of several analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $22.00 target price on shares of Camping World in a research note on Thursday, October 30th. KeyCorp cut their price target on shares of Camping World from $21.00 to $18.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Loop Capital initiated coverage on shares of Camping World in a report on Friday, October 31st. They set a “buy” rating and a $17.00 price objective for the company. Citigroup cut their target price on shares of Camping World from $22.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a report on Monday, December 29th. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.67.

Camping World Price Performance

The company has a market cap of $1.14 billion, a P/E ratio of -12.00 and a beta of 2.00. The company’s 50-day moving average price is $10.76 and its 200-day moving average price is $14.70. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.75 billion. During the same period in the prior year, the business earned $0.17 EPS. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, sell-side 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. Investors of record on Monday, December 15th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 4.5%. Camping World’s payout ratio is presently -53.76%.

Hedge Funds Weigh In On Camping World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in shares of Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after buying an additional 1,502 shares during the last quarter. State of Wyoming acquired a new stake in Camping World during the third quarter worth approximately $43,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Camping World during the third quarter worth approximately $83,000. Russell Investments Group Ltd. grew its position in shares of Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after purchasing an additional 4,998 shares during the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Camping World by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock worth $106,000 after purchasing an additional 608 shares during the period. 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.