Camping World (NYSE:CWH) Cut to “Sell” at Zacks Investment Research

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Zacks Investment Research lowered shares of Camping World (NYSE:CWH) from a hold rating to a sell rating in a research report report published on Monday, Zacks.com reports.

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. “

CWH has been the subject of several other reports. Bank of America lowered their price objective on shares of Camping World from $10.00 to $7.00 and set an underperform rating for the company in a research note on Wednesday, September 4th. BMO Capital Markets lowered their price objective on shares of Camping World from $11.00 to $9.00 and set a market perform rating for the company in a research note on Friday, August 9th. ValuEngine raised shares of Camping World from a sell rating to a hold rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. cut shares of Camping World from an overweight rating to a neutral rating and lowered their price objective for the company from $19.00 to $11.00 in a research note on Thursday, August 8th. Finally, Monness Crespi & Hardt reissued a buy rating and set a $14.00 price objective (down from $19.00) on shares of Camping World in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $13.14.

CWH stock traded up $0.32 during midday trading on Monday, hitting $12.32. The stock had a trading volume of 578,184 shares, compared to its average volume of 876,257. The firm has a market cap of $1.05 billion, a PE ratio of 11.00 and a beta of 3.13. The company has a debt-to-equity ratio of 79.52, a current ratio of 1.38 and a quick ratio of 0.27. Camping World has a 12-month low of $7.12 and a 12-month high of $19.57. The company’s 50-day moving average price is $9.62 and its 200 day moving average price is $10.40.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). Camping World had a negative net margin of 1.27% and a negative return on equity of 14,187.62%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Camping World will post -0.6 EPS for the current year.

In other Camping World news, major shareholder Abrams Capital Management, L.P bought 585,200 shares of Camping World stock in a transaction that occurred on Tuesday, October 8th. The shares were acquired at an average price of $7.93 per share, for a total transaction of $4,640,636.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have purchased a total of 988,220 shares of company stock worth $7,707,072 in the last 90 days. Company insiders own 49.40% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Abrams Capital Management L.P. lifted its holdings in shares of Camping World by 29.5% during the 2nd quarter. Abrams Capital Management L.P. now owns 5,108,808 shares of the company’s stock valued at $63,451,000 after acquiring an additional 1,163,446 shares in the last quarter. BlackRock Inc. lifted its holdings in Camping World by 2.1% in the 2nd quarter. BlackRock Inc. now owns 2,125,363 shares of the company’s stock worth $26,395,000 after buying an additional 42,828 shares in the last quarter. M&T Bank Corp lifted its holdings in Camping World by 49.3% in the 2nd quarter. M&T Bank Corp now owns 17,046 shares of the company’s stock worth $212,000 after buying an additional 5,628 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Camping World by 7.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 98,028 shares of the company’s stock worth $1,210,000 after buying an additional 6,671 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in Camping World in the 2nd quarter worth $54,000. Institutional investors and hedge funds own 41.21% of the company’s stock.

About Camping World

Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.

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