Camping World (NYSE:CWH) Trading Up 8.2% – Here’s What Happened

Shares of Camping World (NYSE:CWH) rose 8.2% on Thursday . The stock traded as high as $12.83 and last traded at $12.86. Approximately 1,440,668 shares changed hands during trading, a decline of 37% from the average daily volume of 2,304,408 shares. The stock had previously closed at $11.89.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CWH. Truist Financial lowered their price objective on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. BMO Capital Markets reiterated an “outperform” rating and set a $22.00 price target on shares of Camping World in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a research report on Monday, December 29th. KeyCorp decreased their price objective 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. Finally, Raymond James Financial lowered their price objective on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.67.

Camping World Price Performance

The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29. The business’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $14.46. The stock has a market cap of $1.39 billion, a P/E ratio of -14.66 and a beta of 2.00.

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

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, December 15th. Camping World’s dividend payout ratio (DPR) is presently -53.76%.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its position in Camping World by 2,275.8% during the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after buying an additional 1,502 shares during the period. State of Wyoming purchased a new stake in Camping World in the third quarter worth about $43,000. Aster Capital Management DIFC Ltd purchased a new stake in Camping World in the third quarter worth about $83,000. Russell Investments Group Ltd. increased its stake in shares of Camping World by 923.8% during 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 in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings 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 valued at $106,000 after purchasing an additional 608 shares during the last quarter. Institutional investors own 52.54% of the company’s stock.

About Camping World

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.