Camping World (NYSE:CWH) Trading 6.6% Higher – Still a Buy?

Camping World (NYSE:CWH)’s share price was up 6.6% on Friday . The stock traded as high as $10.20 and last traded at $10.1410. Approximately 528,437 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 2,184,521 shares. The stock had previously closed at $9.51.

Wall Street Analyst Weigh In

Several research firms have issued reports on CWH. Truist Financial cut their price target on shares of Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 10th. JPMorgan Chase & Co. lowered their target price on Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, November 3rd. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Raymond James Financial decreased their price target on Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Finally, Citigroup lowered their price objective on Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and a consensus target price of $18.90.

Camping World Price Performance

The company has a debt-to-equity ratio of 3.29, a quick ratio of 0.27 and a current ratio of 1.26. The business has a 50-day simple moving average of $14.56 and a 200 day simple moving average of $16.23. The firm has a market cap of $1.07 billion, a P/E ratio of -11.28 and a beta of 1.91.

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

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Monday, September 15th. Camping World’s payout ratio is presently -53.76%.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP lifted its position in Camping World by 2,275.8% during the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after buying an additional 1,502 shares during the period. State of Wyoming bought a new position in shares of Camping World in the 3rd quarter worth about $43,000. US Bancorp DE bought a new position in shares of Camping World in the 1st quarter worth about $72,000. Aster Capital Management DIFC Ltd purchased a new position in Camping World during the 3rd quarter valued at about $83,000. Finally, Russell Investments Group Ltd. boosted its stake in Camping World by 923.8% during the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after acquiring an additional 4,998 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.