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

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

Several other research analysts also recently weighed in on the company. Weiss Ratings upgraded Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. Raymond James Financial set a $8.25 price target on Camping World in a research note on Friday, July 31st. Bank of America reaffirmed a “buy” rating and set a $14.00 price target on shares of Camping World in a report on Friday, July 31st. Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Citigroup lowered their price objective on shares of Camping World from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Ten research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.02.

Camping World Price Performance

Shares of CWH opened at $6.32 on Friday. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.30 and a current ratio of 1.22. Camping World has a fifty-two week low of $5.49 and a fifty-two week high of $18.34. The firm has a 50-day simple moving average of $6.85 and a 200-day simple moving average of $8.09. The company has a market capitalization of $652.28 million, a price-to-earnings ratio of -4.07 and a beta of 2.06.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.57. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 EPS. On average, equities research analysts anticipate that Camping World will post 0.09 earnings per share for the current year.

Institutional Trading of Camping World

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd acquired a new stake in Camping World during the fourth quarter worth about $25,000. Quarry LP raised its holdings in shares of Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after purchasing an additional 1,502 shares during the period. Essential Partners LLC acquired a new position in shares of Camping World in the 1st quarter valued at about $69,000. Russell Investments Group Ltd. lifted its stake in shares of Camping World by 923.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after purchasing an additional 4,998 shares in the last quarter. Finally, MGO One Seven LLC purchased a new stake in shares of Camping World during the 4th quarter worth about $107,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.