Camping World (NYSE:CWH) Stock Jumps 4.1% – Should You Buy?

Camping World (NYSE:CWH) traded up 4.1% during mid-day trading on Friday. The stock traded as high as $5.37 and last traded at $5.4050. Approximately 314,521 shares traded hands during trading, a decline of 88% from the average session volume of 2,675,647 shares. The stock had previously closed at $5.19.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Weiss Ratings upgraded Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Raymond James Financial set a $8.25 target price on shares of Camping World in a report on Friday, July 31st. Wall Street Zen raised shares of Camping World from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Bank of America reiterated a “buy” rating and set a $14.00 price target on shares of Camping World in a report on Friday, July 31st. Finally, Truist Financial reduced their price objective 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. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $11.57.

Camping World Trading Up 3.4%

The stock’s fifty day moving average price is $6.23 and its 200 day moving average price is $6.76. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. The stock has a market capitalization of $554.15 million, a P/E ratio of -3.46 and a beta of 2.07.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.57. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.99 billion. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. Research analysts forecast that Camping World will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Eminence Capital LP lifted its position in Camping World by 45.8% during the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after acquiring an additional 1,815,042 shares during the period. BNP Paribas Financial Markets increased its holdings in shares of Camping World by 94.9% in the fourth quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after purchasing an additional 741,263 shares during the period. Capital Research Global Investors raised its stake in shares of Camping World by 12.8% in the fourth quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock worth $40,786,000 after purchasing an additional 476,135 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Camping World by 995.1% in the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after purchasing an additional 406,852 shares during the last quarter. Finally, KBC Group NV acquired a new stake in shares of Camping World during the first quarter worth about $2,003,000. Institutional investors own 52.54% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc is a specialty retailer and service provider focused on the recreational vehicle (RV) industry. Through its Camping World dealership network, the company sells new and used motorhomes, travel trailers, fifth-wheel trailers and other RVs. It also provides financing and insurance-related products, subject to applicable regulations and third-party arrangements.

The company operates RV parts and accessories retail businesses and provides maintenance, repair, collision and other service offerings through locations across the United States.