Eminence Capital LP Purchases 1,815,042 Shares of Camping World $CWH

Eminence Capital LP lifted its position in shares of Camping World (NYSE:CWH) by 45.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 5,779,805 shares of the company’s stock after acquiring an additional 1,815,042 shares during the quarter. Eminence Capital LP owned approximately 0.06% of Camping World worth $56,238,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Camping World by 3.3% during the 4th quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock worth $58,585,000 after acquiring an additional 190,557 shares during the period. Capital Research Global Investors grew its stake in shares of Camping World by 12.8% during the 4th quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock worth $40,786,000 after acquiring an additional 476,135 shares during the period. Balyasny Asset Management L.P. grew its stake in shares of Camping World by 18.0% during the 2nd 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 period. State Street Corp lifted its holdings in Camping World by 31.0% during the 4th quarter. State Street Corp now owns 1,974,266 shares of the company’s stock worth $19,210,000 after purchasing an additional 467,630 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Camping World by 86.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after purchasing an additional 914,421 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

Camping World Stock Performance

Shares of NYSE CWH opened at $7.30 on Thursday. The stock has a market cap of $751.62 million, a price-to-earnings ratio of -4.90 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. Camping World has a 1-year low of $5.70 and a 1-year high of $19.38. The stock’s 50-day moving average is $7.23 and its 200 day moving average is $9.15.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.Camping World’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) EPS. On average, sell-side analysts anticipate that Camping World will post 0.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Roth Mkm reissued a “buy” rating and set a $16.00 price objective (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings cut Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Truist Financial dropped their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Finally, BMO Capital Markets dropped their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $15.22.

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.