Camping World (NYSE:CWH) Trading 8.2% Higher – Here’s What Happened

Camping World (NYSE:CWH) shares shot up 8.2% on Thursday . The stock traded as high as $12.83 and last traded at $12.86. 1,440,668 shares were traded during trading, a decline of 37% from the average session volume of 2,304,408 shares. The stock had previously closed at $11.89.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CWH shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Camping World in a research note on Monday, December 29th. Citigroup cut their price objective on shares of Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a report on Friday, October 31st. JPMorgan Chase & Co. lowered their target price on Camping World from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, November 3rd. KeyCorp dropped their price target on Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Finally, Truist Financial cut their price target on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Eight investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.67.

Camping World Stock Performance

The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -14.11 and a beta of 2.00. The firm has a 50 day simple moving average of $10.69 and a 200-day simple moving average of $14.50.

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

Camping World Announces Dividend

The business also recently announced 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. This represents a $0.50 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, December 15th. Camping World’s dividend payout ratio (DPR) is -53.76%.

Hedge Funds Weigh In On Camping World

Institutional investors have recently bought and sold shares of the company. TrueMark Investments LLC purchased a new position in shares of Camping World in the fourth quarter valued at approximately $622,000. Tudor Investment Corp ET AL boosted its position in Camping World by 33.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 453,044 shares of the company’s stock valued at $7,154,000 after buying an additional 112,964 shares during the period. CIBC Bancorp USA Inc. acquired a new position in shares of Camping World in the third quarter worth $678,000. Advisory Services Network LLC purchased a new stake in shares of Camping World during the third quarter worth $109,000. Finally, Alyeska Investment Group L.P. boosted its holdings in Camping World by 112.3% in the third quarter. Alyeska Investment Group L.P. now owns 649,000 shares of the company’s stock valued at $10,248,000 after purchasing an additional 343,300 shares during the period. 52.54% of the stock is owned by institutional investors and hedge funds.

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.