Shares of Camping World (NYSE:CWH – Get Free Report) were down 6.1% during mid-day trading on Tuesday . The stock traded as low as $7.55 and last traded at $7.5180. Approximately 851,280 shares changed hands during mid-day trading, a decline of 72% from the average session volume of 2,998,304 shares. The stock had previously closed at $8.01.
Wall Street Analysts Forecast Growth
CWH has been the subject of a number of recent analyst reports. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Camping World from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Raymond James Financial set a $10.00 target price on Camping World in a report on Friday, May 1st. Finally, Truist Financial dropped their price target on Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, April 9th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.22.
Read Our Latest Analysis on CWH
Camping World Stock Performance
Camping World (NYSE:CWH – Get Free Report) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.10. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the prior year, the business earned ($0.16) EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts predict that Camping World will post 0.33 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Camping World
Large investors have recently modified their holdings of the company. UBS Group AG boosted its stake in Camping World by 0.4% in the third quarter. UBS Group AG now owns 266,095 shares of the company’s stock valued at $4,202,000 after acquiring an additional 982 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Camping World by 2.2% during the 3rd quarter. Alliancebernstein L.P. now owns 55,200 shares of the company’s stock worth $872,000 after purchasing an additional 1,200 shares during the last quarter. Quantbot Technologies LP raised its holdings in shares of Camping World by 10.4% in the 3rd quarter. Quantbot Technologies LP now owns 13,400 shares of the company’s stock worth $212,000 after purchasing an additional 1,265 shares during the period. XTX Topco Ltd raised its holdings in shares of Camping World by 5.8% in the 4th quarter. XTX Topco Ltd now owns 23,079 shares of the company’s stock worth $225,000 after purchasing an additional 1,273 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Camping World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after purchasing an additional 1,401 shares during the last quarter. 52.54% of the stock is currently owned by 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.
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