Camping World (NYSE:CWH) Cut to “Sell” at Wall Street Zen

Camping World (NYSE:CWH) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

Other research analysts also recently issued research reports about the company. Weiss Ratings reissued a “sell (d)” rating on shares of Camping World in a report on Monday, December 29th. Truist Financial cut their target price on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. BMO Capital Markets reissued an “outperform” rating and set a $22.00 price target on shares of Camping World in a research report on Thursday, October 30th. KeyCorp cut their price target on shares of Camping World from $21.00 to $18.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, Loop Capital began coverage on shares of Camping World in a research note on Friday, October 31st. They set a “buy” rating and a $17.00 price objective on the stock. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Camping World presently has an average rating of “Moderate Buy” and a consensus target price of $17.67.

Camping World Stock Performance

Camping World stock opened at $13.18 on Friday. Camping World has a 12-month low of $9.49 and a 12-month high of $24.36. The company has a debt-to-equity ratio of 3.29, a current ratio of 1.26 and a quick ratio of 0.27. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of -14.17 and a beta of 2.00. The firm’s fifty day moving average price is $11.40 and its 200 day moving average price is $14.15.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.10. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period last year, the firm earned $0.17 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. On average, research analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Eminence Capital LP grew its position in shares of Camping World by 123.3% during the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after buying an additional 2,283,331 shares during the last quarter. Bank of America Corp DE boosted its stake in Camping World by 128.1% in the third quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock valued at $21,250,000 after acquiring an additional 755,665 shares during the period. Walleye Capital LLC grew its holdings in shares of Camping World by 807.5% during the second quarter. Walleye Capital LLC now owns 587,149 shares of the company’s stock valued at $10,093,000 after purchasing an additional 522,449 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Camping World by 15.5% during the third quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock valued at $58,670,000 after purchasing an additional 499,999 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in shares of Camping World by 18.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock worth $55,374,000 after purchasing an additional 490,245 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

About Camping World

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.