Camping World (NYSE:CWH) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Camping World (NYSE:CWH) from a sell rating to a hold rating in a research note published on Saturday.

Several other equities research analysts have also recently issued reports on CWH. Truist Financial decreased their price objective on Camping World from $15.00 to $14.00 and set a “buy” rating on the stock in a report on Thursday, April 9th. Zacks Research upgraded Camping World from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings downgraded Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 11th. Finally, Raymond James Financial set a $10.00 target price on Camping World in a research report on Friday, May 1st. 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, Camping World currently has an average rating of “Moderate Buy” and an average price target of $15.22.

Camping World Price Performance

CWH stock opened at $6.18 on Friday. The stock’s 50 day moving average price is $7.13 and its 200 day moving average price is $8.63. The firm has a market cap of $636.79 million, a P/E ratio of -4.15 and a beta of 2.04. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17. Camping World has a 1 year low of $5.70 and a 1 year high of $19.38.

Camping World (NYSE:CWH) last announced 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 quarter in the previous year, the company posted ($0.16) EPS. On average, sell-side analysts expect that Camping World will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essential Partners LLC purchased a new stake in Camping World during the first quarter worth approximately $69,000. Royal Bank of Canada increased its position in shares of Camping World by 99.8% in the first quarter. Royal Bank of Canada now owns 29,387 shares of the company’s stock worth $201,000 after acquiring an additional 14,679 shares in the last quarter. Entropy Technologies LP raised its stake in shares of Camping World by 5.3% in the 1st quarter. Entropy Technologies LP now owns 40,792 shares of the company’s stock valued at $279,000 after acquiring an additional 2,048 shares during the period. Inceptionr LLC raised its stake in shares of Camping World by 110.2% in the 1st quarter. Inceptionr LLC now owns 49,827 shares of the company’s stock valued at $340,000 after acquiring an additional 26,123 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of Camping World by 44.7% during the 1st quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after acquiring an additional 64,495 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.