Camping World (NYSE:CWH) Shares Up 12.4% – Should You Buy?

Camping World (NYSE:CWH) rose 12.4% on Monday . The company traded as high as $6.79 and last traded at $6.8930. Approximately 454,019 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 3,073,229 shares. The stock had previously closed at $6.13.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen cut Camping World from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Weiss Ratings reiterated a “sell (d)” rating on shares of Camping World in a research note on Monday, December 29th. Monness Crespi & Hardt lowered their price objective on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Zacks Research cut shares of Camping World from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Finally, KeyCorp cut their target price on shares of Camping World from $18.00 to $12.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Camping World presently has a consensus rating of “Moderate Buy” and an average target price of $15.80.

Camping World Price Performance

The firm has a market capitalization of $681.28 million, a PE ratio of -4.60 and a beta of 2.15. The company has a fifty day moving average price of $10.83 and a two-hundred day moving average price of $12.35. The company has a current ratio of 1.20, a quick ratio of 0.23 and a debt-to-equity ratio of 4.14.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, February 24th. The company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.63) by ($0.10). The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.47) earnings per share. Sell-side analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Hedge Funds Weigh In On Camping World

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC grew its holdings in Camping World by 16.4% in the fourth quarter. Hsbc Holdings PLC now owns 34,629 shares of the company’s stock valued at $340,000 after purchasing an additional 4,878 shares during the last quarter. World Investment Advisors boosted its position in shares of Camping World by 14.8% in the 4th quarter. World Investment Advisors now owns 20,365 shares of the company’s stock worth $198,000 after buying an additional 2,624 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Camping World in the 4th quarter valued at about $25,000. Alpine Global Management LLC purchased a new position in Camping World during the 4th quarter valued at about $172,000. Finally, Invesco Ltd. raised its position in Camping World by 9.7% during the fourth quarter. Invesco Ltd. now owns 136,029 shares of the company’s stock worth $1,324,000 after acquiring an additional 11,974 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.