The Vanguard Group, Inc. recently announced the acquisition of new stake in Camping World Holdings Inc. (NYSE:CWH). The institutional investor has increased its shareholding in the Consumer Cyclical company by 2.53% to 3.47 million shares with purchase of 85707.0 shares. This fresh investment now brings its stake to 7.81% valued currently at $79.33 million. In addition, BlackRock Fund Advisors raised its holdings by 0.15 million to 2.35 million shares. And Fidelity Management & Research Co has lifted its position by 18.38% or 0.21 million shares – to 1.35 million shares.
With over 2.1 million Camping World Holdings Inc. (CWH) shares trading Monday and a closing price of $20.89 on the day, the dollar volume was approximately $43.93 million. The shares have shown a negative half year performance of -31.17% and its price on 03/13/23 lost nearly -5.13%. Currently, there are 42.29M common shares owned by the public and among those 38.56M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for CWH have a consensus price objective of $28.33. The analysts have set the share’s price value over the next 12 months at a high of $34.00 and a low of $25.00. The average price target is 24.37% above its recent price level and an upside to the estimated low will see the stock gain 16.44% over that period. But an upside of 38.56% will see the stock hit the forecast high price target while median target price for the stock is $28.00.
Insiders at the company have transacted a total of 28 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 10 of these insider trades were purchases, accounting for 156,218 shares. Insider sales of the common stock occurred on 18 occasions, with total insider shares sold totaling 469,773 shares.
The top 3 mutual fund holders in Camping World Holdings Inc. are Fidelity Value Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Fidelity Value Fund owns 1.26 million shares of the company’s stock, all valued at over $28.69 million. The company sold 31600.0 shares recently to bring their total holdings to about 2.83% of the shares outstanding. Vanguard Small Cap Index Fund bought 5360.0 shares to bring its total holdings to over 0.98 million shares at a value of $22.43 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.21% of the shares outstanding.
Shares of Camping World Holdings Inc. (NYSE: CWH) opened at $20.92, down -$1.1 from a prior closing price of $22.02. However, the script later moved the day high at 21.18, down -5.13%. The company’s stock has a 5-day price change of -8.82% and -12.34% over the past three months. CWH shares are trading -6.41% year to date (YTD), with the 12-month market performance down to -32.63% lower. It has a 12-month low price of $20.55 and touched a high of $33.99 over the same period. CWH has an average intraday trading volume of 1.14 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -11.68%, -13.69%, and -19.75% respectively.
Institutional ownership of Camping World Holdings Inc. (NYSE: CWH) shares accounts for 76.10% of the company’s 42.29M shares outstanding. Mutual fund holders own 25.96%, while other institutional holders and individual stakeholders account for 40.97% and 25.73% respectively.
It has a market capitalization of $1.78B and a beta (3y monthly) value of 2.61. The stock’s trailing 12-month PE ratio is 6.49, while the earnings-per-share (ttm) stands at $3.22. The company has a PEG of 0.19 and a Quick Ratio of 0.20 with the debt-to-equity ratio at 19.99. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.95% over the week and 4.21% over the month.
Analysts forecast that Camping World Holdings Inc. (CWH) will achieve an EPS of $0.03 for the current quarter, $0.49 for the next quarter and $3.1 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.05 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.9 a year ago. Earnings per share for the fiscal year are expected to decrease by -47.00%, and 62.80% over the next financial year. EPS should grow at an annualized rate of 34.70% over the next five years, compared to -4.50% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Camping World Holdings Inc. (CWH) as a “Moderate Buy” at a consensus score of 2.20. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 5 of the 10 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CWH, a number of firms have released research notes about the stock. Monness Crespi & Hardt stated their Buy rating for the stock in a research note on August 04, 2022, with the firm’s price target at $32-$36. Monness Crespi & Hardt coverage for the Camping World Holdings Inc. (CWH) stock in a research note released on June 30, 2022 offered a Buy rating with a price target of $32. BMO Capital Markets on their part issued Market Perform rating on February 23, 2022.
