Camping World (NYSE:CWH) Research Coverage Started at Wells Fargo & Company

Wells Fargo & Company initiated coverage on shares of Camping World (NYSE:CWH) in a research report released on Monday, MarketBeat Ratings reports. The firm issued an overweight rating and a $6.00 target price on the stock.

A number of other brokerages have also recently issued reports on CWH. Wall Street Zen cut Camping World from a “hold” rating to a “sell” rating in a research report on Saturday, November 7th. Citigroup downgraded Camping World from a “buy” rating to a “neutral” rating and lowered their price target for the company from $7.00 to $5.00 in a report on Wednesday, November 4th. Robert W. Baird set a $7.00 price target on Camping World in a report on Friday, July 31st. Roth Capital restated a “buy” rating and issued a $10.00 price objective (down from $12.00) on shares of Camping World in a research note on Monday, September 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Camping World from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Nine investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and a consensus target price of $9.60.

Camping World Price Performance

NYSE CWH opened at $4.46 on Monday. Camping World has a fifty-two week low of $3.96 and a fifty-two week high of $15.18. The stock’s 50-day moving average is $5.11 and its two-hundred day moving average is $7.08. The company has a debt-to-equity ratio of 18.55, a quick ratio of 0.30 and a current ratio of 1.24.

Camping World (NYSE:CWH) last released its quarterly earnings results on Monday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.33). The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.65 billion. Camping World had a negative return on equity of 22.04% and a negative net margin of 4.20%. The business’s revenue was down 12.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.43 EPS. Equities research analysts anticipate that Camping World will post -0.55 EPS for the current year.

Hedge Funds Weigh In On Camping World

Large investors have recently made changes to their positions in the business. Walleye Capital LLC grew its holdings in Camping World by 995.1% in the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after buying an additional 406,852 shares during the last quarter. WINTON GROUP Ltd bought a new position in Camping World in the 2nd quarter worth approximately $762,000. KBC Group NV bought a new position in Camping World in the 1st quarter worth approximately $2,003,000. Y Intercept Hong Kong Ltd increased its position in Camping World by 189.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock worth $774,000 after buying an additional 74,200 shares during the period. Finally, World Investment Advisors lifted its holdings in shares of Camping World by 10.2% during the first quarter. World Investment Advisors now owns 22,443 shares of the company’s stock worth $153,000 after buying an additional 2,078 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc. is a U.S.-based recreational vehicle retailer that sells new and pre-owned motorhomes, travel trailers and other RVs through a network of dealerships. The company also provides RV maintenance and repair services and sells parts, accessories and related products. Its offerings include financing and insurance products, extended service plans and other services for RV owners. Camping World also operates the Good Sam brand, which provides membership benefits and services such as roadside assistance and travel-related resources.