Vanguard Group Inc. Raises Position in Camping World $CWH

Vanguard Group Inc. increased its holdings in Camping World (NYSE:CWH) by 3.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,021,036 shares of the company’s stock after buying an additional 190,557 shares during the period. Vanguard Group Inc. owned 5.89% of Camping World worth $58,585,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Quarry LP raised 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 purchasing an additional 1,502 shares in the last quarter. State of Wyoming purchased a new stake in Camping World during the third quarter valued at about $43,000. Aster Capital Management DIFC Ltd purchased a new stake in Camping World during the third quarter valued at about $83,000. Russell Investments Group Ltd. raised its position in 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, Advisory Services Network LLC purchased a new stake in Camping World during the third quarter valued at about $109,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Stock Down 3.6%

Shares of NYSE:CWH opened at $6.61 on Friday. The stock’s 50-day moving average price is $6.94 and its 200-day moving average price is $9.91. Camping World has a 12-month low of $5.70 and a 12-month high of $19.64. The stock has a market capitalization of $680.87 million, a P/E ratio of -4.44 and a beta of 2.11. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.16) earnings per share. On average, equities analysts anticipate that Camping World will post 0.33 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on CWH. BMO Capital Markets lowered their price target on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Raymond James Financial set a $10.00 price target on Camping World in a research report on Friday, May 1st. Weiss Ratings downgraded Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday. KeyCorp lowered their price target on Camping World from $18.00 to $12.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, Wall Street Zen upgraded Camping World from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.22.

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.