Camping World (NYSE:CWH) Lowered to C+ at TheStreet

Camping World (NYSE:CWHGet Rating) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a report issued on Monday, TheStreetRatingsTable reports.

CWH has been the topic of several other research reports. BMO Capital Markets downgraded shares of Camping World from an “outperform” rating to a “market perform” rating in a research note on Wednesday, February 23rd. Raymond James dropped their price target on shares of Camping World from $54.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, February 24th. DA Davidson initiated coverage on shares of Camping World in a report on Wednesday, April 13th. They set a “neutral” rating and a $29.00 price objective for the company. Robert W. Baird decreased their price objective on shares of Camping World from $56.00 to $40.00 in a report on Thursday, February 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Camping World from $66.00 to $58.00 in a report on Thursday, February 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $48.50.

CWH stock opened at $25.18 on Monday. Camping World has a 12 month low of $24.90 and a 12 month high of $49.20. The company’s 50 day simple moving average is $29.16 and its 200-day simple moving average is $35.26. The firm has a market capitalization of $2.16 billion, a PE ratio of 4.20 and a beta of 2.96. The company has a debt-to-equity ratio of 6.30, a current ratio of 1.43 and a quick ratio of 0.31.

Camping World (NYSE:CWHGet Rating) last posted its quarterly earnings results on Tuesday, February 22nd. The company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.02). Camping World had a return on equity of 131.23% and a net margin of 4.03%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the prior year, the business earned $0.34 EPS. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Camping World will post 5.64 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC grew its position in Camping World by 3,685.1% during the third quarter. Millennium Management LLC now owns 594,146 shares of the company’s stock valued at $23,094,000 after purchasing an additional 578,449 shares in the last quarter. Gendell Jeffrey L grew its position in Camping World by 50.8% during the third quarter. Gendell Jeffrey L now owns 839,752 shares of the company’s stock valued at $32,641,000 after purchasing an additional 283,034 shares in the last quarter. Shell Asset Management Co. grew its position in Camping World by 5,913.0% during the fourth quarter. Shell Asset Management Co. now owns 271,128 shares of the company’s stock valued at $10,954,000 after purchasing an additional 266,619 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Camping World by 391.8% during the third quarter. Goldman Sachs Group Inc. now owns 305,017 shares of the company’s stock valued at $11,856,000 after purchasing an additional 242,992 shares in the last quarter. Finally, Norges Bank bought a new stake in Camping World in the fourth quarter worth approximately $8,145,000. 80.95% of the stock is currently owned by institutional investors and hedge funds.

About Camping World (Get Rating)

Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.

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Analyst Recommendations for Camping World (NYSE:CWH)

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