Stock Traders Buy Large Volume of Camping World Call Options (NYSE:CWH)

Camping World (NYSE:CWH) was the target of some unusual options trading activity on Monday. Stock investors purchased 10,588 call options on the stock. This represents an increase of 1,159% compared to the typical volume of 841 call options.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CWH shares. Raymond James Financial reissued an “outperform” rating on shares of Camping World in a research report on Monday. Bank of America reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Camping World in a research report on Friday, July 31st. KeyCorp reduced their target price on Camping World from $12.00 to $9.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Roth Capital reiterated a “buy” rating and issued a $10.00 price objective (down from $12.00) on shares of Camping World in a report on Monday, September 28th. Finally, Truist Financial lowered their target price on Camping World from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, September 10th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.39.

Camping World Stock Down 9.8%

NYSE CWH opened at $4.54 on Tuesday. The business has a fifty day moving average price of $6.10 and a two-hundred day moving average price of $6.68. The stock has a market capitalization of $468.44 million, a PE ratio of -2.93 and a beta of 2.15. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.30. Camping World has a fifty-two week low of $3.96 and a fifty-two week high of $17.15.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.57. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.57 earnings per share. Equities analysts expect that Camping World will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

Hedge funds have recently modified their holdings of the company. Eminence Capital LP increased its holdings in Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock worth $56,238,000 after purchasing an additional 1,815,042 shares in the last quarter. Capital Research Global Investors boosted its stake in shares of Camping World by 12.8% during the fourth quarter. Capital Research Global Investors now owns 4,191,781 shares of the company’s stock valued at $40,786,000 after purchasing an additional 476,135 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Camping World by 94.9% during the fourth quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock worth $14,815,000 after purchasing an additional 741,263 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Camping World by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after purchasing an additional 41,258 shares during the last quarter. Finally, RBF Capital LLC increased its stake in shares of Camping World by 68.1% in the fourth quarter. RBF Capital LLC now owns 440,078 shares of the company’s stock valued at $4,282,000 after buying an additional 178,253 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc is a recreational-vehicle retailer and service provider operating under the Camping World and Good Sam brands. The company sells new and used motorhomes, travel trailers, fifth wheels and other recreational vehicles, along with related parts, accessories and outdoor products.

Its operations also include RV maintenance and repair, collision services, installation and other support services. Camping World offers financing and insurance products through third-party and affiliated arrangements, while the Good Sam business provides memberships, roadside assistance, insurance, travel-related services and access to campgrounds and other RV resources.

Camping World serves customers primarily throughout the United States through a network of retail, service and dealership locations.