Camping World Holdings Inc. (CWH) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Camping World Holdings Inc. (NYSE:CWH) from a hold rating to a buy rating in a research note published on Wednesday. Zacks Investment Research currently has $39.00 target price on the stock.
According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “
A number of other brokerages also recently weighed in on CWH. Forward View raised Camping World Holdings from a hold rating to a buy rating in a report on Monday, August 14th. BMO Capital Markets raised their target price on Camping World Holdings from $36.00 to $40.00 and gave the company an outperform rating in a report on Monday, August 14th. Monness Crespi & Hardt began coverage on Camping World Holdings in a report on Monday, August 7th. They issued a buy rating and a $40.00 target price on the stock. Credit Suisse Group set a $40.00 target price on Camping World Holdings and gave the company a buy rating in a report on Friday, August 11th. Finally, Robert W. Baird raised their target price on Camping World Holdings from $35.00 to $40.00 and gave the company an outperform rating in a report on Friday, August 11th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Camping World Holdings currently has a consensus rating of Buy and a consensus price target of $35.46.
Shares of Camping World Holdings (CWH) traded up 0.55% during trading on Wednesday, reaching $36.56. The company had a trading volume of 380,711 shares. The firm’s market capitalization is $1.08 billion. The stock has a 50 day moving average price of $32.71 and a 200 day moving average price of $31.39. Camping World Holdings has a 12 month low of $20.45 and a 12 month high of $36.92.
Camping World Holdings (NYSE:CWH) last issued its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.15. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 EPS. On average, equities research analysts forecast that Camping World Holdings will post $2.08 EPS for the current year.
In related news, insider Roger L. Nuttall sold 1,200 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $31.01, for a total transaction of $37,212.00. Following the sale, the insider now owns 47,902 shares of the company’s stock, valued at approximately $1,485,441.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Crestview Partners Ii Gp, L.P. sold 5,500,000 shares of the firm’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $27.75, for a total value of $152,625,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,750,550 shares of company stock worth $188,992,776. 66.60% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Oxford Asset Management purchased a new stake in Camping World Holdings during the first quarter valued at $2,042,000. Eagle Asset Management Inc. bought a new position in shares of Camping World Holdings during the first quarter valued at about $12,179,000. Gerber Kawasaki Wealth & Investment Management raised its position in shares of Camping World Holdings by 10.1% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,487 shares of the company’s stock valued at $324,000 after buying an additional 1,052 shares in the last quarter. Sei Investments Co. raised its position in shares of Camping World Holdings by 21.2% in the first quarter. Sei Investments Co. now owns 30,794 shares of the company’s stock valued at $993,000 after buying an additional 5,392 shares in the last quarter. Finally, First Foundation Advisors raised its position in shares of Camping World Holdings by 19.5% in the first quarter. First Foundation Advisors now owns 15,000 shares of the company’s stock valued at $484,000 after buying an additional 2,450 shares in the last quarter. 86.24% of the stock is currently owned by institutional investors.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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