Camping World (NYSE:CWH – Get Free Report) shares were up 7.7% during trading on Monday . The stock traded as high as $6.60 and last traded at $6.6640. 301,096 shares changed 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 Ratings Changes
A number of equities research analysts have weighed in on the stock. KeyCorp decreased their target price on shares of Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday. Wall Street Zen lowered shares of Camping World from a “hold” rating to a “sell” rating in a report on Sunday, July 26th. Bank of America reiterated a “buy” rating and set a $14.00 target price on shares of Camping World in a research report on Friday. Robert W. Baird set a $7.00 price objective on Camping World in a report on Friday. Finally, Truist Financial reduced their price target on shares of Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $12.11.
Get Our Latest Research Report on CWH
Camping World Trading Up 5.6%
Camping World (NYSE:CWH – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, meeting 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 business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, sell-side analysts forecast that Camping World will post 0.33 earnings per share for the current year.
Institutional Trading of Camping World
Hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC purchased a new stake in Camping World during the first quarter worth $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after acquiring an additional 1,401 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Camping World by 66.2% in the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock valued at $14,372,000 after purchasing an additional 354,333 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Camping World by 17.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock worth $1,927,000 after acquiring an additional 17,665 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of Camping World by 371.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 278,701 shares of the company’s stock worth $4,791,000 after buying an additional 219,568 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.
Camping World Company Profile
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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