Camping World Holdings Inc. (CWH) Lifted to Buy at Zacks Investment Research
Camping World Holdings Inc. (NYSE:CWH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage currently has a $39.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 9.67% from the company’s previous close.
According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “
A number of other equities research analysts have also recently weighed in on CWH. ValuEngine upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Wells Fargo & Company upgraded Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research note on Tuesday, May 30th. Credit Suisse Group restated an “outperform” rating and set a $36.00 price objective on shares of Camping World Holdings in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded Camping World Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $34.00 in a research note on Friday, June 9th. Finally, Bank of America Corporation restated a “buy” rating on shares of Camping World Holdings in a research note on Monday, June 12th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.46.
Shares of Camping World Holdings (CWH) traded up 1.86% during mid-day trading on Wednesday, reaching $35.56. 952,503 shares of the company’s stock were exchanged. Camping World Holdings has a one year low of $20.45 and a one year high of $36.63. The stock has a 50-day moving average of $32.23 and a 200 day moving average of $31.29. The firm’s market capitalization is $1.05 billion.
Camping World Holdings (NYSE:CWH) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.15. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts forecast that Camping World Holdings will post $2.08 EPS for the current fiscal year.
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In related news, insider Brent L. Moody sold 43,684 shares of the company’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $30.44, for a total transaction of $1,329,740.96. Following the transaction, the insider now directly owns 71,327 shares of the company’s stock, valued at approximately $2,171,193.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Crestview Partners Ii Gp, L.P. sold 825,000 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $27.75, for a total value of $22,893,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 6,750,550 shares of company stock worth $188,992,776 over the last ninety days. 66.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc raised its position in shares of Camping World Holdings by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after buying an additional 211 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Camping World Holdings during the second quarter worth $111,000. Quantbot Technologies LP raised its position in shares of Camping World Holdings by 180.2% in the first quarter. Quantbot Technologies LP now owns 5,686 shares of the company’s stock worth $183,000 after buying an additional 3,657 shares in the last quarter. FNY Partners Fund LP purchased a new position in shares of Camping World Holdings during the first quarter worth $193,000. Finally, Affinity Investment Advisors LLC purchased a new position in shares of Camping World Holdings during the second quarter worth $208,000. 86.24% of the stock is currently owned by institutional investors.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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