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

Key Points

• Unusual options activity: Traders purchased 4,557 Camping World call options, roughly 388% above the average volume of 933 contracts.
• Stock and financial performance: Shares rose 4.3% to $4.54, but remain near their one-year low. Quarterly revenue fell 2.1% year over year to $1.93 billion, while the company posted a negative net margin and analysts expect a full-year loss.
• Analyst outlook remains moderately positive: Despite several price-target cuts, ten analysts rate Camping World a Buy versus two Sell ratings, producing a consensus “Moderate Buy” rating and an average price target of $11.02.

Camping World (NYSE:CWH - Get Free Report) was the target of some unusual options trading activity on Thursday. Traders bought 4,557 call options on the company. This represents an increase of approximately 388% compared to the average volume of 933 call options.

Camping World Stock Up 4.3%

NYSE CWH traded up $0.18 during trading on Thursday, reaching $4.54. The company's stock had a trading volume of 474,564 shares, compared to its average volume of 2,659,316. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The stock has a market capitalization of $468.42 million, a PE ratio of -2.93 and a beta of 2.15. The business has a 50-day moving average price of $5.65 and a 200-day moving average price of $6.50. Camping World has a 1-year low of $3.96 and a 1-year high of $17.15.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, hitting the consensus estimate of $0.57. Camping World had a negative net margin of 1.55% and a negative return on equity of 3.52%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business posted $0.57 EPS. Camping World's quarterly revenue was down 2.1% on a year-over-year basis. On average, research analysts forecast that Camping World will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Axxcess Wealth Management LLC bought a new position in shares of Camping World in the 3rd quarter valued at approximately $63,000. WINTON GROUP Ltd bought a new position in shares of Camping World in the second quarter valued at approximately $762,000. Allworth Financial LP lifted its stake in shares of Camping World by 777.1% in the second quarter. Allworth Financial LP now owns 3,219 shares of the company's stock worth $25,000 after buying an additional 2,852 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Camping World in the second quarter worth $28,000. Finally, Essential Partners LLC bought a new stake in shares of Camping World during the 1st quarter worth $69,000. Institutional investors and hedge funds own 52.54% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CWH. Truist Financial dropped their price target on shares of Camping World from $14.00 to $10.00 and set a "buy" rating on the stock in a research report on Thursday, September 10th. Wall Street Zen raised shares of Camping World from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Citigroup cut their price objective on Camping World from $8.00 to $7.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Northcoast Research set a $11.00 price objective on Camping World in a research report on Monday. Finally, Robert W. Baird set a $7.00 target price on Camping World in a research note on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Camping World currently has a consensus rating of "Moderate Buy" and an average price target of $11.02.

About Camping World

Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.

In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.

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