Camping World (NYSE:CWH) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen downgraded shares of Camping World (NYSE:CWH) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

Other equities research analysts have also issued reports about the company. Raymond James Financial set a $10.00 target price on Camping World in a research report on Friday, May 1st. Truist Financial cut their price target 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. Weiss Ratings downgraded shares of Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 11th. 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, Citigroup dropped their target price on shares of Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Camping World presently has an average rating of “Moderate Buy” and an average price target of $14.33.

Camping World Stock Performance

CWH stock opened at $5.72 on Friday. The company has a quick ratio of 0.23, a current ratio of 1.17 and a debt-to-equity ratio of 4.30. The firm has a market cap of $589.62 million, a PE ratio of -3.84 and a beta of 2.04. The business has a 50 day moving average of $7.05 and a 200-day moving average of $8.49. Camping World has a 12-month low of $5.49 and a 12-month high of $18.44.

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

Institutional Investors Weigh In On Camping World

Several institutional investors have recently added to or reduced their stakes in the business. Eminence Capital LP raised its position in shares of Camping World by 45.8% in the fourth quarter. Eminence Capital LP now owns 5,779,805 shares of the company’s stock valued at $56,238,000 after purchasing an additional 1,815,042 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Camping World by 86.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,970,543 shares of the company’s stock worth $19,173,000 after buying an additional 914,421 shares during the period. Bank of America Corp DE boosted its holdings in Camping World by 128.1% in the 3rd quarter. Bank of America Corp DE now owns 1,345,777 shares of the company’s stock worth $21,250,000 after buying an additional 755,665 shares during the period. BNP Paribas Financial Markets grew its stake in Camping World by 94.9% in the 4th quarter. BNP Paribas Financial Markets now owns 1,522,570 shares of the company’s stock valued at $14,815,000 after buying an additional 741,263 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in 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 valued at $55,374,000 after buying an additional 490,245 shares in the last quarter. 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.