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

Wall Street Zen upgraded shares of Camping World (NYSE:CWH) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

Several other analysts also recently weighed in on CWH. Bank of America reiterated a “buy” rating and issued a $14.00 price objective on shares of Camping World in a research report on Friday, July 31st. Weiss Ratings upgraded Camping World from a “sell (e+)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. decreased their price objective on Camping World from $16.00 to $11.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Robert W. Baird set a $7.00 target price on Camping World in a research report on Friday, July 31st. Finally, KeyCorp cut their target price on Camping World from $12.00 to $9.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.02.

Camping World Stock Performance

Shares of CWH opened at $6.32 on Friday. The stock has a market capitalization of $652.28 million, a PE ratio of -4.07 and a beta of 2.06. Camping World has a 12-month low of $5.49 and a 12-month high of $18.34. The business’s fifty day moving average price is $6.85 and its 200 day moving average price is $8.13. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.22 and a quick ratio of 0.23.

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

Institutional Trading of Camping World

A number of institutional investors have recently made changes to their positions in CWH. Walleye Capital LLC raised its holdings in Camping World by 995.1% during the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock worth $3,058,000 after purchasing an additional 406,852 shares in the last quarter. Burney Co. boosted its stake in Camping World by 107.8% during the 4th 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 in the last quarter. KBC Group NV acquired a new position in shares of Camping World during the 1st quarter valued at $2,003,000. GSA Capital Partners LLP acquired a new position in shares of Camping World during the 4th quarter valued at $898,000. Finally, Vanguard Group Inc. raised its stake in shares of Camping World by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock worth $58,585,000 after buying an additional 190,557 shares in the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.