Camping World (NYSE:CWH) Downgraded by StockNews.com

Camping World (NYSE:CWH) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other research analysts have also commented on the company. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target (down previously from $30.00) on shares of Camping World in a research report on Friday, May 3rd. Stephens reaffirmed an “overweight” rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. KeyCorp cut their price target on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Citigroup upped their price objective on shares of Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Truist Financial cut their target price on shares of Camping World from $30.00 to $28.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.20.

Camping World Stock Down 0.6 %

Shares of NYSE CWH opened at $21.36 on Friday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -534.00 and a beta of 2.67. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55. The firm’s fifty day moving average is $24.46 and its 200 day moving average is $23.89. Camping World has a 52 week low of $16.18 and a 52 week high of $32.88.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.06. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. The company’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.33) earnings per share. On average, equities research analysts expect that Camping World will post 1.06 earnings per share for the current year.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the completion of the transaction, the chief executive officer now owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 43.80% of the stock is currently owned by insiders.

Institutional Trading of Camping World

Several hedge funds and other institutional investors have recently made changes to their positions in CWH. ICA Group Wealth Management LLC bought a new stake in Camping World in the fourth quarter worth $35,000. Selway Asset Management purchased a new position in shares of Camping World in the 3rd quarter worth about $55,000. Russell Investments Group Ltd. boosted its stake in Camping World by 6,495.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after purchasing an additional 3,897 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Camping World during the 4th quarter valued at about $172,000. Finally, ProShare Advisors LLC bought a new stake in Camping World during the 1st quarter valued at about $209,000. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. 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.