Camping World (CWH) Downgraded by ValuEngine
Camping World (NYSE:CWH) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.
Other analysts have also issued research reports about the company. Robert W. Baird restated a “buy” rating and set a $40.00 price target on shares of Camping World in a report on Friday, October 27th. Wells Fargo & Company reiterated an “outperform” rating and issued a $48.00 price objective (up previously from $37.00) on shares of Camping World in a report on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research downgraded Camping World from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Monness Crespi & Hardt reiterated a “buy” rating and issued a $47.00 price objective (up previously from $40.00) on shares of Camping World in a report on Tuesday, October 24th. Finally, KeyCorp reiterated an “overweight” rating and issued a $42.00 price objective on shares of Camping World in a report on Wednesday, August 30th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $44.11.
Shares of Camping World (NYSE CWH) traded down $0.71 during trading hours on Friday, hitting $45.65. 577,063 shares of the company were exchanged, compared to its average volume of 766,900. Camping World has a fifty-two week low of $26.30 and a fifty-two week high of $47.35. The company has a current ratio of 1.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $3,988.12, a price-to-earnings ratio of 21.43, a price-to-earnings-growth ratio of 1.20 and a beta of 3.97.
In other Camping World news, CEO Marcus Lemonis sold 700,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $40.50, for a total transaction of $28,350,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brent L. Moody sold 50,300 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $38.05, for a total value of $1,913,915.00. Following the sale, the insider now owns 81,464 shares in the company, valued at approximately $3,099,705.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,239,274 shares of company stock worth $332,471,945. 66.60% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of CWH. Alliancebernstein L.P. acquired a new position in Camping World in the first quarter worth about $251,000. Teachers Advisors LLC increased its position in shares of Camping World by 257.5% during the 1st quarter. Teachers Advisors LLC now owns 96,789 shares of the company’s stock valued at $3,120,000 after purchasing an additional 69,712 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Camping World by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 494,221 shares of the company’s stock valued at $15,934,000 after purchasing an additional 32,101 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Camping World by 10.7% during the 1st quarter. Geode Capital Management LLC now owns 110,035 shares of the company’s stock valued at $3,547,000 after purchasing an additional 10,595 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Camping World by 26.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 43,620 shares of the company’s stock valued at $1,407,000 after purchasing an additional 9,162 shares during the last quarter. Institutional investors own 34.01% of the company’s stock.
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Camping World 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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