Shares of Camping World Holdings Inc. (NYSE:CWH) were up 10.2% during trading on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $35.39 and last traded at $34.69, with a volume of 1,794,302 shares changing hands. The stock had previously closed at $31.47.
The company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.15. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 101.57%. Camping World Holdings’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 EPS.
A number of analysts recently commented on CWH shares. Bank of America Corporation restated a “buy” rating on shares of Camping World Holdings in a research note on Monday, June 12th. Goldman Sachs Group, Inc. (The) raised shares of Camping World Holdings from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $34.00 in a report on Friday, June 9th. ValuEngine raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Zacks Investment Research raised shares of Camping World Holdings from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, May 16th. Finally, Monness Crespi & Hardt assumed coverage on shares of Camping World Holdings in a report on Monday, August 7th. They set a “buy” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $34.71.
In other news, CFO Thomas F. Wolfe sold 4,179 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $32.01, for a total value of $133,769.79. Following the transaction, the chief financial officer now owns 49,179 shares of the company’s stock, valued at approximately $1,574,219.79. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Crestview Partners Ii Gp, L.P. sold 5,500,000 shares of the stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $27.75, for a total transaction of $152,625,000.00. The disclosure for this sale can be found here. Insiders sold a total of 6,750,550 shares of company stock worth $188,992,776 in the last three months. Insiders own 66.60% of the company’s stock.
Several institutional investors have recently modified their holdings of CWH. OxFORD Asset Management LLP raised its position in shares of Camping World Holdings by 83.9% in the second quarter. OxFORD Asset Management LLP now owns 116,464 shares of the company’s stock worth $3,593,000 after buying an additional 53,126 shares during the last quarter. Citadel Advisors LLC raised its position in shares of Camping World Holdings by 347.5% in the second quarter. Citadel Advisors LLC now owns 965,923 shares of the company’s stock worth $29,799,000 after buying an additional 750,059 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Camping World Holdings by 72.6% in the second quarter. Vanguard Group Inc. now owns 853,107 shares of the company’s stock worth $26,319,000 after buying an additional 358,886 shares during the last quarter. Northern Trust Corp raised its position in shares of Camping World Holdings by 19.8% in the second quarter. Northern Trust Corp now owns 155,959 shares of the company’s stock worth $4,811,000 after buying an additional 25,733 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of Camping World Holdings by 57.0% in the second quarter. GSA Capital Partners LLP now owns 74,920 shares of the company’s stock worth $2,311,000 after buying an additional 27,204 shares during the last quarter. 83.18% of the stock is currently owned by hedge funds and other institutional investors.
The company’s market cap is $797.04 million. The company has a 50-day moving average price of $31.36 and a 200 day moving average price of $31.14.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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