Vanguard Group Inc. Buys 247,134 Shares of Camping World $CWH

Key Points

• Vanguard Group Inc. increased its stake in Camping World by 4.3%, now owning 6,034,743 shares worth approximately $97.5 million.
• Camping World's shares are currently trading at $17.55, with a market capitalization of $1.79 billion and a consensus rating of "Moderate Buy" from analysts.
• Recently, several analysts adjusted their target prices for Camping World, with the range now between $15.00 and $21.00, reflecting mixed sentiments on the stock's future performance.

Vanguard Group Inc. increased its position in shares of Camping World (NYSE:CWH - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,034,743 shares of the company's stock after acquiring an additional 247,134 shares during the quarter. Vanguard Group Inc. owned about 5.92% of Camping World worth $97,521,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Byrne Asset Management LLC purchased a new stake in Camping World during the first quarter worth $44,000. Mpwm Advisory Solutions LLC purchased a new position in Camping World in the fourth quarter worth approximately $63,000. US Bancorp DE purchased a new stake in shares of Camping World in the 1st quarter valued at approximately $72,000. Sandia Investment Management LP acquired a new position in Camping World during the 4th quarter worth about $105,000. Finally, CWM LLC boosted its position in Camping World by 1,060.1% in the 1st quarter. CWM LLC now owns 7,645 shares of the company's stock valued at $124,000 after buying an additional 6,986 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Price Performance

Shares of NYSE CWH traded up $0.14 during midday trading on Wednesday, reaching $17.61. The company's stock had a trading volume of 616,056 shares, compared to its average volume of 2,213,071. Camping World has a one year low of $11.17 and a one year high of $25.97. The company has a 50 day moving average price of $17.29 and a 200 day moving average price of $16.87. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -87.92 and a beta of 1.76. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the previous year, the business posted $0.38 EPS. Camping World's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities research analysts expect that Camping World will post -0.66 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. KeyCorp increased their price target on shares of Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Raymond James Financial reduced their target price on shares of Camping World from $20.00 to $18.00 and set an "outperform" rating on the stock in a report on Thursday, July 31st. Robert W. Baird lowered their price objective on Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and lowered their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.78.

Camping World 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.