Stock Traders Purchase High Volume of Camping World Call Options (NYSE:CWH)

Camping World (NYSE:CWH) was the target of some unusual options trading activity on Monday. Stock traders acquired 10,588 call options on the stock. This represents an increase of approximately 1,159% compared to the average volume of 841 call options.

Wall Street Analyst Weigh In

Several analysts have weighed in on CWH shares. Citigroup cut their price objective on Camping World from $9.00 to $8.00 and set a “buy” rating on the stock in a research report on Wednesday, September 16th. Truist Financial lowered their target price on Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, September 10th. Wall Street Zen upgraded Camping World from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Raymond James Financial reaffirmed an “outperform” rating on shares of Camping World in a research note on Monday. Finally, Weiss Ratings upgraded Camping World from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Camping World presently has an average rating of “Moderate Buy” and a consensus price target of $11.20.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CWH. WINTON GROUP Ltd purchased a new position in Camping World during the 2nd quarter valued at $762,000. Allworth Financial LP increased its stake in Camping World by 777.1% in the second quarter. Allworth Financial LP now owns 3,219 shares of the company’s stock worth $25,000 after purchasing an additional 2,852 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Camping World in the second quarter worth $28,000. Essential Partners LLC bought a new stake in shares of Camping World during the first quarter worth $69,000. Finally, Royal Bank of Canada lifted its position in shares of Camping World by 99.8% during the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after purchasing an additional 14,679 shares during the last quarter. 52.54% of the stock is currently owned by institutional investors.

Camping World Price Performance

CWH opened at $4.52 on Wednesday. The firm has a market cap of $466.66 million, a PE ratio of -2.91 and a beta of 2.15. The stock has a 50-day moving average price of $6.06 and a 200-day moving average price of $6.67. Camping World has a 1 year low of $3.96 and a 1 year high of $17.15. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The company’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $0.57 EPS. Sell-side analysts predict that Camping World will post 0.08 earnings per share for the current fiscal year.

Camping World Company Profile

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.