Camping World Holdings Inc. (CWH) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Camping World Holdings Inc. (NYSE:CWH) from a hold rating to a buy rating in a research report sent to investors on Wednesday. They currently have $47.00 price target on the stock.

According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “

Several other research firms also recently commented on CWH. Credit Suisse Group reaffirmed an outperform rating and set a $45.00 price objective (up from $43.00) on shares of Camping World Holdings in a research note on Tuesday. Bank of America Corporation upped their price objective on Camping World Holdings from $42.00 to $48.00 and gave the company a buy rating in a research note on Tuesday. Monness Crespi & Hardt reaffirmed a buy rating and set a $47.00 price objective (up from $40.00) on shares of Camping World Holdings in a research note on Tuesday, October 24th. BMO Capital Markets reaffirmed an outperform rating and set a $53.00 price objective (up from $40.00) on shares of Camping World Holdings in a research note on Monday, October 30th. Finally, Stephens upped their price objective on Camping World Holdings from $44.00 to $50.00 and gave the company an overweight rating in a research note on Monday, October 30th. Thirteen research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $41.88.

Camping World Holdings (NYSE:CWH) opened at $42.70 on Wednesday. The stock has a market cap of $3.69 billion and a PE ratio of 18.37. The company has a debt-to-equity ratio of 3.20, a quick ratio of 0.38 and a current ratio of 1.34.

Camping World Holdings (NYSE:CWH) last posted its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.15. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.65 EPS. The business’s quarterly revenue was up 20.1% on a year-over-year basis. equities research analysts expect that Camping World Holdings will post 2.14 earnings per share for the current year.

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In other news, CFO Thomas F. Wolfe sold 68,028 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $38.55, for a total transaction of $2,622,479.40. Following the completion of the transaction, the chief financial officer now directly owns 79,733 shares of the company’s stock, valued at approximately $3,073,707.15. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Thomas F. Wolfe sold 17,529 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $37.32, for a total value of $654,182.28. Following the transaction, the chief financial officer now directly owns 62,529 shares of the company’s stock, valued at $2,333,582.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,239,274 shares of company stock valued at $332,471,945. Company insiders own 66.60% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Capco Asset Management LLC purchased a new position in shares of Camping World Holdings during the 3rd quarter worth approximately $306,000. Rosenblum Silverman Sutton S F Inc. CA purchased a new position in shares of Camping World Holdings during the 3rd quarter worth approximately $2,152,000. State of New Jersey Common Pension Fund D raised its stake in shares of Camping World Holdings by 23.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 131,400 shares of the company’s stock worth $5,353,000 after buying an additional 25,000 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Camping World Holdings during the 3rd quarter worth approximately $4,605,000. Finally, Boston Advisors LLC purchased a new position in shares of Camping World Holdings during the 3rd quarter worth approximately $5,156,000. 31.59% of the stock is owned by institutional investors and hedge funds.

Camping World Holdings Company Profile

Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.

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