Camping World (NYSE:CWH) Shares Up 8.7% – Time to Buy?

Camping World (NYSE:CWH)’s share price was up 8.7% during trading on Tuesday . The company traded as high as $10.56 and last traded at $10.6270. Approximately 614,595 shares traded hands during trading, a decline of 53% from the average daily volume of 1,311,043 shares. The stock had previously closed at $9.78.

Analysts Set New Price Targets

Several brokerages have issued reports on CWH. BMO Capital Markets reissued an “outperform” rating and issued a $22.00 target price on shares of Camping World in a research report on Thursday, October 30th. Raymond James Financial cut their price objective on Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. KeyCorp cut their price objective on Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Truist Financial decreased their target price on shares of Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. Eight analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.67.

Camping World Stock Up 12.2%

The stock has a market cap of $1.12 billion, a PE ratio of -11.81 and a beta of 2.00. The business has a 50-day moving average price of $10.94 and a 200-day moving average price of $14.79. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm posted $0.17 earnings per share. The company’s revenue was up 4.7% compared to the same quarter last year. As a group, analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.50 annualized dividend and a yield of 4.6%. Camping World’s dividend payout ratio is currently -53.76%.

Institutional Investors Weigh In On Camping World

A number of institutional investors have recently added to or reduced their stakes in the business. Eminence Capital LP grew its position in shares of Camping World by 123.3% in the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after purchasing an additional 2,283,331 shares during the last quarter. Capital Research Global Investors grew its holdings in Camping World by 15.5% during the 3rd quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock valued at $58,670,000 after buying an additional 499,999 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Camping World by 18.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after acquiring an additional 490,245 shares during the last quarter. Crestview Partners II GP L.P. lifted its position in shares of Camping World by 0.4% in the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock valued at $33,026,000 after acquiring an additional 6,913 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in shares of Camping World by 8.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock worth $24,563,000 after buying an additional 108,565 shares during the last quarter. Hedge funds and other 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.