Stock Traders Buy High Volume of Camping World Call Options (NYSE:CWH)

Key Points

• Camping World call-option activity surged: Traders bought 10,588 call options, roughly 1,159% above the typical volume of 841 contracts.
• The stock remained under pressure, falling to $4.42 while trading volume exceeded its average. The company reported in-line quarterly EPS of $0.57, but revenue missed estimates and declined 2.1% year over year.
• Analysts remain broadly optimistic despite lowered price targets: Ten analysts rate CWH a Buy, with an overall “Moderate Buy” consensus and an average price target of $11.39 versus the current share price.

Camping World (NYSE:CWH - Get Free Report) was the recipient of unusually large options trading activity on Monday. Traders bought 10,588 call options on the stock. This represents an increase of approximately 1,159% compared to the typical volume of 841 call options.

Camping World Price Performance

CWH stock traded down $0.61 during mid-day trading on Monday, reaching $4.42. 3,806,451 shares of the company's stock were exchanged, compared to its average volume of 2,661,020. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. Camping World has a 12-month low of $3.96 and a 12-month high of $17.15. The stock's 50 day moving average is $6.13 and its 200 day moving average is $6.69. The company has a market cap of $456.03 million, a price-to-earnings ratio of -2.84 and a beta of 2.15.

Camping World (NYSE:CWH - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.57. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business's revenue was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, research analysts expect that Camping World will post 0.08 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CWH. JPMorgan Chase & Co. reduced their price target on Camping World from $16.00 to $11.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Robert W. Baird set a $7.00 target price on shares of Camping World in a research note on Friday, July 31st. Wall Street Zen raised shares of Camping World from a "sell" rating to a "hold" rating in a report on Saturday, August 8th. KeyCorp cut their target price on Camping World from $12.00 to $9.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Finally, Roth Capital reissued a "buy" rating and issued a $10.00 price objective (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $11.39.

Institutional Trading of Camping World

Several large investors have recently added to or reduced their stakes in CWH. Eminence Capital LP raised its stake in shares of Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company's stock valued at $56,238,000 after acquiring an additional 1,815,042 shares during the period. Capital Research Global Investors boosted its holdings in Camping World by 12.8% during the 4th quarter. Capital Research Global Investors now owns 4,191,781 shares of the company's stock valued at $40,786,000 after acquiring an additional 476,135 shares during the period. BNP Paribas Financial Markets grew its position in Camping World by 94.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company's stock valued at $14,815,000 after acquiring an additional 741,263 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Camping World by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company's stock worth $7,358,000 after purchasing an additional 41,258 shares during the period. Finally, Walleye Capital LLC lifted its position in shares of Camping World by 995.1% during the first quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock worth $3,058,000 after purchasing an additional 406,852 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.

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