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

Camping World (NYSE:CWH) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

Other equities analysts also recently issued reports about the stock. Truist Financial cut their price objective on shares of Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Raymond James Financial set a $10.00 target price on shares of Camping World in a report on Friday, May 1st. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Weiss Ratings cut shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Nine investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.22.

Camping World Stock Down 5.5%

Shares of NYSE:CWH opened at $6.18 on Friday. The stock has a market cap of $636.79 million, a price-to-earnings ratio of -4.15 and a beta of 2.04. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 4.30. Camping World has a 12-month low of $5.70 and a 12-month high of $19.38. The business’s 50 day moving average is $7.13 and its 200 day moving average is $8.63.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.10. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.41 billion. Camping World had a negative return on equity of 4.06% and a negative net margin of 1.49%.Camping World’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.16) earnings per share. On average, sell-side analysts forecast that Camping World will post 0.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP boosted its holdings in shares of Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after buying an additional 1,502 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Camping World in the fourth quarter worth about $25,000. Russell Investments Group Ltd. boosted its stake in Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after acquiring an additional 4,998 shares during the last quarter. Advisory Services Network LLC purchased a new position in Camping World in the third quarter valued at about $109,000. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Camping World by 117.1% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock valued at $153,000 after acquiring an additional 4,789 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.