Camping World (NYSE:CWH) Stock Rating Lowered by Wall Street Zen

Camping World (NYSE:CWH) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Sunday.

Several other equities analysts have also recently issued reports on the company. Citigroup decreased their price target on Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday. Truist Financial dropped their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Raymond James Financial set a $10.00 target price on shares of Camping World in a research report on Friday, May 1st. Weiss Ratings lowered shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Nine equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $14.33.

Camping World Stock Up 6.9%

NYSE:CWH opened at $6.10 on Friday. The stock’s fifty day moving average price is $7.03 and its two-hundred day moving average price is $8.46. Camping World has a 52-week low of $5.49 and a 52-week high of $18.44. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17. The company has a market cap of $628.55 million, a price-to-earnings ratio of -4.10 and a beta of 2.04.

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

Institutional Trading of Camping World

A number of hedge funds have recently modified their holdings of the company. Eminence Capital LP grew its holdings in Camping World by 45.8% during the fourth quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after purchasing an additional 1,815,042 shares during the period. Goldman Sachs Group Inc. raised its holdings in Camping World by 86.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after purchasing an additional 914,421 shares during the period. Bank of America Corp DE raised its holdings in Camping World by 128.1% in the third quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock worth $21,250,000 after purchasing an additional 755,665 shares during the period. BNP Paribas Financial Markets boosted its position 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 in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position 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 worth $55,374,000 after purchasing an additional 490,245 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

About Camping World

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.