Camping World (NYSE:CWH) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Camping World (NYSE:CWH) from a sell rating to a hold rating in a research note published on Saturday morning.

A number of other analysts have also weighed in on CWH. JPMorgan Chase & Co. dropped their price objective on Camping World from $16.00 to $11.00 and set an “overweight” rating for the company in a research note on Friday, July 31st. Citigroup decreased their target price on shares of Camping World from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Bank of America reiterated a “buy” rating and set a $14.00 price target on shares of Camping World in a report on Friday, July 31st. Roth Capital set a $12.00 price target on shares of Camping World in a research report on Monday, August 3rd. Finally, Weiss Ratings raised shares of Camping World from a “sell (e+)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Ten equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Camping World has an average rating of “Moderate Buy” and a consensus price target of $12.02.

Camping World Trading Down 2.5%

NYSE CWH opened at $6.16 on Friday. Camping World has a 1-year low of $5.49 and a 1-year high of $18.34. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The stock has a 50-day moving average of $6.82 and a 200-day moving average of $8.04. The firm has a market cap of $636.27 million, a PE ratio of -3.97 and a beta of 2.06.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, July 29th. The company reported $0.57 earnings per share for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.Camping World’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS. As a group, sell-side analysts forecast that Camping World will post 0.09 EPS for the current year.

Hedge Funds Weigh In On Camping World

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essential Partners LLC bought a new stake in shares of Camping World during the 1st quarter valued at $69,000. Royal Bank of Canada increased its stake in shares of Camping World by 99.8% in the 1st quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after acquiring an additional 14,679 shares in the last quarter. Entropy Technologies LP increased its stake in shares of Camping World by 5.3% in the 1st quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock worth $279,000 after acquiring an additional 2,048 shares in the last quarter. Inceptionr LLC increased its stake in shares of Camping World by 110.2% in the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock worth $340,000 after acquiring an additional 26,123 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Camping World by 44.7% during the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after acquiring an additional 64,495 shares during the period. Hedge funds and other institutional investors 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.