Camping World (CWH) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Camping World (NYSE:CWH) from a strong sell rating to a sell rating in a research note issued to investors on Friday, May 10th, ValuEngine reports.

Several other equities analysts have also issued reports on CWH. Credit Suisse Group lowered Camping World from an outperform rating to a neutral rating and decreased their target price for the stock from $41.80 to $18.50 in a research note on Friday, March 1st. Monness Crespi & Hardt reissued a buy rating and set a $19.00 target price (down previously from $24.00) on shares of Camping World in a research note on Monday, March 4th. Wells Fargo & Co lowered Camping World from an outperform rating to a market perform rating and decreased their target price for the stock from $33.00 to $13.50 in a research note on Friday, March 8th. Zacks Investment Research raised Camping World from a strong sell rating to a hold rating in a research note on Tuesday, March 12th. Finally, BMO Capital Markets decreased their target price on Camping World from $36.00 to $20.00 and set an outperform rating on the stock in a research note on Friday, March 15th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $20.86.

NYSE:CWH traded down $0.30 during trading hours on Friday, hitting $11.97. The company had a trading volume of 1,052,706 shares, compared to its average volume of 954,360. The company has a quick ratio of 0.25, a current ratio of 1.35 and a debt-to-equity ratio of 264.05. The stock has a market cap of $1.06 billion, a P/E ratio of 10.69, a PEG ratio of 0.67 and a beta of 2.70. Camping World has a 1 year low of $10.82 and a 1 year high of $27.17.

Camping World (NYSE:CWH) last released its quarterly earnings results on Thursday, March 7th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.38). Camping World had a positive return on equity of 85.77% and a negative net margin of 0.16%. The business had revenue of $982.39 million for the quarter, compared to analysts’ expectations of $973.80 million. On average, equities analysts anticipate that Camping World will post 1.59 earnings per share for the current year.

In related news, major shareholder Abrams Capital Management, L.P purchased 525,723 shares of Camping World stock in a transaction on Monday, May 13th. The shares were bought at an average price of $11.98 per share, with a total value of $6,298,161.54. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Marcus Lemonis purchased 99,094 shares of Camping World stock in a transaction on Friday, March 15th. The stock was bought at an average cost of $13.27 per share, for a total transaction of $1,314,977.38. The disclosure for this purchase can be found here. Insiders acquired a total of 1,724,817 shares of company stock worth $21,400,091 in the last ninety days. 49.40% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC acquired a new stake in Camping World in the 4th quarter valued at about $42,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Camping World by 36.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,957 shares of the company’s stock worth $55,000 after acquiring an additional 1,058 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Camping World by 52,007.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,774 shares of the company’s stock worth $94,000 after acquiring an additional 6,761 shares in the last quarter. Hodges Capital Management Inc. acquired a new stake in shares of Camping World during the 4th quarter worth about $115,000. Finally, Camelot Portfolios LLC acquired a new stake in shares of Camping World during the 4th quarter worth about $115,000. 41.64% of the stock is currently owned by institutional investors.

Camping World Company Profile

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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Analyst Recommendations for Camping World (NYSE:CWH)

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