Camping World (NYSE:CWH) Stock Jumps 9.5% – Time to Buy?

Camping World (NYSE:CWH) shares rose 9.5% during trading on Thursday. The company traded as high as $5.02 and last traded at $5.0150. Approximately 430,984 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 2,643,837 shares. The stock had previously closed at $4.58.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Weiss Ratings raised shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Roth Capital reiterated a “buy” rating and set a $10.00 price objective (down from $12.00) on shares of Camping World in a research note on Monday, September 28th. Zacks Research cut shares of Camping World from a “hold” rating to a “strong sell” rating in a research note on Friday, October 16th. Truist Financial decreased their target price on shares of Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, September 10th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Camping World in a research report on Monday, October 5th. Nine analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.48.

Camping World Stock Performance

The company has a 50-day simple moving average of $5.38 and a two-hundred day simple moving average of $7.42. The firm has a market capitalization of $514.90 million, a P/E ratio of -3.22 and a beta of 2.15. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the firm posted $0.57 EPS. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, equities analysts forecast that Camping World will post -0.06 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CWH. Dimensional Fund Advisors LP grew its position in Camping World by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after purchasing an additional 41,258 shares during the period. Walleye Capital LLC boosted its position in Camping World by 995.1% in the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after buying an additional 406,852 shares during the period. KBC Group NV purchased a new stake in shares of Camping World during the 1st quarter worth $2,003,000. Sei Investments Co. lifted its position in shares of Camping World by 44.7% during the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock worth $1,426,000 after buying an additional 64,495 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in Camping World by 189.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock worth $774,000 after buying an additional 74,200 shares during the last quarter. Institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.