Camping World (NYSE:CWH) Receives Average Recommendation of “Moderate Buy” from Brokerages

Camping World (NYSE:CWH) has been given an average rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $15.2222.

Several equities analysts have issued reports on the stock. Weiss Ratings cut shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen upgraded Camping World from a “strong sell” rating to a “sell” rating in a report on Saturday, May 2nd. Raymond James Financial set a $10.00 target price on Camping World in a research report on Friday, May 1st. Finally, Truist Financial dropped their target price 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.

Camping World Stock Performance

Shares of CWH stock opened at $7.61 on Wednesday. The firm has a market capitalization of $783.96 million, a price-to-earnings ratio of -5.11 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30. The business’s 50-day moving average price is $7.31 and its 200-day moving average price is $8.94. Camping World has a 12 month low of $5.70 and a 12 month high of $19.38.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.31) by $0.10. The company 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%.The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.16) earnings per share. Equities research analysts forecast that Camping World will post 0.33 EPS for the current year.

Hedge Funds Weigh In On Camping World

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC bought a new position in shares of Camping World in the 1st quarter worth $1,787,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock valued at $539,000 after purchasing an additional 1,401 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Camping World by 66.2% during the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock worth $14,372,000 after buying an additional 354,333 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Camping World by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock valued at $1,927,000 after buying an additional 17,665 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Camping World by 371.3% in the second quarter. JPMorgan Chase & Co. now owns 278,701 shares of the company’s stock valued at $4,791,000 after buying an additional 219,568 shares in the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.