Loop Capital Initiates Coverage on Camping World (NYSE:CWH)

Research analysts at Loop Capital began coverage on shares of Camping World (NYSE:CWH) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm set a “buy” rating and a $17.00 price target on the stock. Loop Capital’s target price indicates a potential upside of 28.64% from the company’s current price.

A number of other brokerages have also recently issued reports on CWH. Raymond James Financial lowered their price target on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research report on Thursday. JPMorgan Chase & Co. lifted their target price on shares of Camping World from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. KeyCorp decreased their target price on shares of Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Camping World in a report on Wednesday, October 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Camping World in a report on Thursday. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.70.

Camping World Trading Up 6.3%

Shares of NYSE CWH opened at $13.22 on Friday. Camping World has a 1 year low of $11.17 and a 1 year high of $25.97. The stock has a market cap of $1.35 billion, a P/E ratio of -14.21 and a beta of 1.94. The firm has a 50-day moving average of $16.31 and a 200 day moving average of $16.42. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.79%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period last year, the company posted $0.17 EPS. Camping World’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Camping World by 4.3% during the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock valued at $97,521,000 after purchasing an additional 247,134 shares during the last quarter. Eminence Capital LP raised its holdings in shares of Camping World by 123.3% during the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after purchasing an additional 2,283,331 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in shares of Camping World by 18.0% during the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after purchasing an additional 490,245 shares during the last quarter. Crestview Partners II GP L.P. raised its holdings in shares of Camping World by 0.4% during the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock valued at $33,026,000 after purchasing an additional 6,913 shares during the last quarter. Finally, Qube Research & Technologies Ltd raised its holdings in shares of Camping World by 8.2% during the second quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock valued at $24,563,000 after purchasing an additional 108,565 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.