Vanguard Group Inc. Lowers Holdings in Camping World $CWH

Vanguard Group Inc. lowered its holdings in Camping World (NYSE:CWH) by 1.8% in the third quarter, Holdings Channel.com reports. The fund owned 5,830,479 shares of the company’s stock after selling 104,925 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of Camping World worth $92,063,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CWH. State of Wyoming acquired a new position in Camping World in the 3rd quarter valued at about $43,000. Ameritas Investment Partners Inc. grew its holdings in Camping World by 11.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock valued at $106,000 after buying an additional 608 shares during the period. CANADA LIFE ASSURANCE Co increased its stake in shares of Camping World by 117.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock valued at $153,000 after acquiring an additional 4,789 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Camping World during the 2nd quarter worth about $176,000. Finally, Vise Technologies Inc. acquired a new stake in shares of Camping World in the second quarter worth approximately $199,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on CWH. Truist Financial dropped their price target on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. Roth Mkm reiterated a “buy” rating and issued a $16.00 target price (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. BMO Capital Markets cut their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reiterated a “sell (d)” rating on shares of Camping World in a report on Monday, December 29th. Finally, KeyCorp cut their price target on shares of Camping World from $18.00 to $12.00 and set an “overweight” rating on the stock in a report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Camping World has an average rating of “Moderate Buy” and a consensus price target of $15.80.

Camping World Stock Up 1.4%

CWH stock opened at $7.76 on Friday. The stock has a market cap of $793.77 million, a PE ratio of -5.39 and a beta of 2.15. The firm’s 50-day simple moving average is $11.65 and its 200 day simple moving average is $13.25. Camping World has a fifty-two week low of $7.47 and a fifty-two week high of $19.64. The company has a quick ratio of 0.27, a current ratio of 1.20 and a debt-to-equity ratio of 4.14.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, February 24th. The company reported ($0.73) EPS for the quarter, missing the consensus estimate of ($0.63) by ($0.10). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Camping World had a negative return on equity of 3.29% and a negative net margin of 1.41%.Camping World’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.47) EPS. As a group, sell-side analysts predict that Camping World will post -0.66 EPS for the current year.

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.