Camping World (NYSE:CWH) Raised to “Hold” at Wall Street Zen

Camping World (NYSE:CWH) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other analysts also recently weighed in on the company. Raymond James Financial set a $10.00 target price on Camping World in a report on Friday, May 1st. Weiss Ratings lowered Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Truist Financial reduced their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, April 9th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.22.

Camping World Stock Up 0.0%

CWH stock opened at $6.18 on Friday. The stock has a market cap of $636.79 million, a P/E ratio of -4.15 and a beta of 2.04. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. Camping World has a twelve month low of $5.70 and a twelve month high of $19.38. The company’s 50 day moving average is $7.13 and its two-hundred day moving average is $8.63.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.41 billion. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.16) EPS. Research analysts expect that Camping World will post 0.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Camping World

Hedge funds have recently made changes to their positions in the business. Burney Co. increased its holdings in shares of Camping World by 107.8% in the fourth quarter. Burney Co. now owns 201,614 shares of the company’s stock valued at $1,962,000 after purchasing an additional 104,569 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Camping World during the fourth quarter worth approximately $898,000. Vanguard Group Inc. lifted its holdings in shares of Camping World by 3.3% during the fourth quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock worth $58,585,000 after purchasing an additional 190,557 shares during the period. Tudor Investment Corp ET AL grew its position in Camping World by 33.2% in the 3rd quarter. Tudor Investment Corp ET AL now owns 453,044 shares of the company’s stock valued at $7,154,000 after buying an additional 112,964 shares during the last quarter. Finally, Eminence Capital LP grew its position in Camping World by 45.8% in the 4th quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after buying an additional 1,815,042 shares during the last quarter. Institutional investors and hedge funds 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.