Camping World (NYSE:CWH) Lowered to Sell Rating by Wall Street Zen

Camping World (NYSE:CWH) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Several other equities analysts have also commented on the company. Loop Capital started coverage on Camping World in a research note on Friday, October 31st. They issued a “buy” rating and a $17.00 target price for the company. Citigroup dropped their price objective on shares of Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Truist Financial cut their price objective on shares of Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, November 10th. KeyCorp lowered their target price on shares of Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Raymond James Financial cut their price target on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Eight research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Camping World has an average rating of “Moderate Buy” and an average price target of $17.67.

Camping World Stock Performance

NYSE:CWH opened at $13.18 on Friday. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The firm has a market cap of $1.35 billion, a PE ratio of -14.17 and a beta of 2.00. The firm has a 50 day simple moving average of $11.40 and a 200-day simple moving average of $14.15. Camping World has a 1-year low of $9.49 and a 1-year high of $24.36.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.75 billion. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.80%. Camping World’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 earnings per share. On average, equities analysts expect that Camping World will post -0.66 EPS for the current year.

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quarry LP increased its holdings in Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after purchasing an additional 1,502 shares in the last quarter. State of Wyoming purchased a new stake in shares of Camping World in the third quarter worth about $43,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Camping World in the third quarter valued at about $83,000. Russell Investments Group Ltd. raised its holdings in shares of Camping World by 923.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after buying an additional 4,998 shares during the period. Finally, Ameritas Investment Partners Inc. raised its holdings in shares of Camping World by 11.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock valued at $106,000 after buying an additional 608 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.