Camping World (NYSE:CWH) Shares Up 7.7% – Time to Buy?

Camping World (NYSE:CWH) traded up 7.7% on Monday . The stock traded as high as $6.60 and last traded at $6.6640. 301,096 shares traded hands during trading, a decline of 90% from the average session volume of 2,909,993 shares. The stock had previously closed at $6.19.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Raymond James Financial set a $8.25 target price on Camping World in a research note on Friday. Weiss Ratings raised Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday. JPMorgan Chase & Co. cut their price target on Camping World from $16.00 to $11.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Bank of America reissued a “buy” rating and issued a $14.00 price objective on shares of Camping World in a research note on Friday. Finally, KeyCorp decreased their price objective on Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and a consensus price target of $12.02.

Camping World Trading Down 2.9%

The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.23. The company has a market capitalization of $671.70 million, a P/E ratio of -4.21 and a beta of 2.06. The firm has a fifty day moving average price of $6.92 and a 200-day moving average price of $8.24.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 EPS for the quarter, hitting analysts’ consensus estimates of $0.57. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.99 billion. During the same period last year, the company posted $0.57 earnings per share. Camping World’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts anticipate that Camping World will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in CWH. Essential Partners LLC bought a new position in Camping World during the first quarter valued at about $69,000. Royal Bank of Canada raised its position in Camping World by 99.8% in the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after acquiring an additional 14,679 shares during the period. Entropy Technologies LP boosted its stake in Camping World by 5.3% in the first quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after acquiring an additional 2,048 shares during the last quarter. Inceptionr LLC boosted its stake in Camping World by 110.2% in the first quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock valued at $340,000 after acquiring an additional 26,123 shares during the last quarter. Finally, Sei Investments Co. grew its position in shares of Camping World by 44.7% during the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after acquiring an additional 64,495 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.