Camping World (NYSE:CWH) Shares Up 14.6% – Should You Buy?

Camping World (NYSE:CWHGet Free Report)’s stock price shot up 14.6% on Friday . The stock traded as high as $8.32 and last traded at $8.33. 556,850 shares were traded during trading, a decline of 81% from the average session volume of 3,007,179 shares. The stock had previously closed at $7.27.

Key Stories Impacting Camping World

Here are the key news stories impacting Camping World this week:

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CWH. Monness Crespi & Hardt decreased their target price on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. Wall Street Zen downgraded Camping World from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Roth Mkm restated a “buy” rating and issued a $16.00 price objective (down from $18.00) on shares of Camping World in a report on Thursday, February 26th. BMO Capital Markets decreased their price objective on Camping World from $22.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Truist Financial decreased their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Nine research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.70.

Read Our Latest Report on CWH

Camping World Price Performance

The company has a debt-to-equity ratio of 4.14, a current ratio of 1.20 and a quick ratio of 0.23. The firm has a fifty day moving average of $8.23 and a two-hundred day moving average of $10.96. The stock has a market capitalization of $790.45 million, a P/E ratio of -5.33 and a beta of 2.14.

Camping World (NYSE:CWHGet Free Report) last released its quarterly earnings data on Tuesday, February 24th. The company reported ($0.73) earnings per share for the quarter, missing the consensus estimate of ($0.63) by ($0.10). The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Camping World had a negative net margin of 1.41% and a negative return on equity of 3.29%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.47) earnings per share. On average, analysts predict that Camping World will post -0.66 EPS for the current year.

Hedge Funds Weigh In On Camping World

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd purchased a new position in Camping World in the fourth quarter valued at about $25,000. Quarry LP grew its stake in Camping World by 2,275.8% in the third quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after purchasing an additional 1,502 shares during the last quarter. State of Wyoming purchased a new position in Camping World in the third quarter valued at about $43,000. Aster Capital Management DIFC Ltd purchased a new position in Camping World in the third quarter valued at about $83,000. Finally, Russell Investments Group Ltd. grew its stake in Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after purchasing an additional 4,998 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

(Get Free Report)

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.

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