Wall Street Zen Downgrades Camping World (NYSE:CWH) to Sell

Camping World (NYSE:CWH) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday.

Several other analysts have also commented on the stock. Truist Financial lowered their price target on shares of Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, April 9th. Citigroup reduced their target price on Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James Financial set a $10.00 target price on Camping World in a report on Friday, May 1st. Weiss Ratings cut Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. Finally, Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Camping World Price Performance

Shares of NYSE CWH opened at $5.72 on Friday. The stock has a market cap of $589.62 million, a price-to-earnings ratio of -3.84 and a beta of 2.04. Camping World has a 52 week low of $5.49 and a 52 week high of $18.44. The company’s 50-day moving average price is $7.05 and its 200 day moving average price is $8.50. The company has a current ratio of 1.17, a quick ratio of 0.23 and a debt-to-equity ratio of 4.30.

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

Institutional Investors Weigh In On Camping World

Hedge funds and other institutional investors have recently modified their holdings of the company. Walleye Capital LLC lifted its stake in shares of Camping World by 995.1% during the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after buying an additional 406,852 shares during the period. Burney Co. grew its stake in Camping World by 107.8% in the 4th quarter. Burney Co. now owns 201,614 shares of the company’s stock worth $1,962,000 after acquiring an additional 104,569 shares during the period. GSA Capital Partners LLP acquired a new position in Camping World in the 4th quarter valued at $898,000. KBC Group NV acquired a new position in Camping World in the 1st quarter valued at $2,003,000. Finally, Vanguard Group Inc. raised its holdings in Camping World by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 6,021,036 shares of the company’s stock valued at $58,585,000 after acquiring an additional 190,557 shares during the last quarter. 52.54% of the stock is currently 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.