Camping World (NYSE:CWH) Stock Price Up 9.5% - Here's Why

Key Points

• Camping World shares jumped 9.5% to approximately $5.02 during mid-day trading, although trading volume was 84% below the average session volume.
• Analyst sentiment remains broadly positive: ten analysts rate the stock a Buy and two rate it a Sell, resulting in a “Moderate Buy” consensus and an average target price of $11.02.
• The company matched quarterly EPS expectations at $0.57 but missed revenue estimates, reporting $1.93 billion in revenue, down 2.1% year over year; analysts expect a full-year loss of $0.06 per share.

Camping World (NYSE:CWH - Get Free Report) shot up 9.5% during mid-day trading on Thursday. The stock traded as high as $5.02 and last traded at $5.0150. 430,984 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 2,643,837 shares. The stock had previously closed at $4.58.

Analyst Ratings Changes

A number of research firms have recently commented on CWH. Wall Street Zen raised Camping World from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings raised Camping World from a "sell (e+)" rating to a "sell (d)" rating in a research note on Monday, August 3rd. Truist Financial dropped their price objective on Camping World from $14.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, September 10th. KeyCorp cut their price objective on Camping World from $9.00 to $8.00 and set an "overweight" rating on the stock in a research report on Thursday, October 8th. Finally, Bank of America reiterated a "buy" rating and issued a $14.00 target price on shares of Camping World in a research note on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $11.02.

Camping World Stock Up 8.6%

The company's 50 day moving average price is $5.44 and its two-hundred day moving average price is $7.49. The company has a quick ratio of 0.30, a current ratio of 1.22 and a debt-to-equity ratio of 3.77. The stock has a market cap of $513.87 million, a P/E ratio of -3.21 and a beta of 2.15.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Vise Technologies Inc. purchased a new stake in Camping World during the third quarter worth $81,000. Axxcess Wealth Management LLC purchased a new position in shares of Camping World in the 3rd quarter valued at $63,000. WINTON GROUP Ltd purchased a new position in shares of Camping World in the 2nd quarter valued at $762,000. Allworth Financial LP raised its position in shares of Camping World by 777.1% in the 2nd quarter. Allworth Financial LP now owns 3,219 shares of the company's stock worth $25,000 after acquiring an additional 2,852 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Camping World in the 2nd quarter worth $28,000. Hedge funds and other institutional investors own 52.54% of the company's stock.

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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