Camping World (CWH) Downgraded by ValuEngine

ValuEngine downgraded shares of Camping World (NYSE:CWH) from a strong-buy rating to a buy rating in a report issued on Friday.

Several other analysts have also recently commented on the company. Monness Crespi & Hardt restated a buy rating and issued a $47.00 price target (up previously from $40.00) on shares of Camping World in a report on Tuesday, October 24th. Zacks Investment Research upgraded Camping World from a hold rating to a buy rating and set a $47.00 price target for the company in a report on Wednesday, November 1st. Stephens lifted their price target on Camping World from $44.00 to $50.00 and gave the company an overweight rating in a report on Monday, October 30th. Robert W. Baird reaffirmed a buy rating and issued a $40.00 price objective on shares of Camping World in a research note on Friday, October 27th. Finally, BMO Capital Markets reaffirmed an outperform rating and issued a $53.00 price objective (up from $40.00) on shares of Camping World in a research note on Monday, October 30th. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $44.11.

Camping World (CWH) traded down $0.71 on Friday, reaching $45.65. The company’s stock had a trading volume of 577,000 shares, compared to its average volume of 479,750. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.74. The stock has a market cap of $3,988.12, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.20 and a beta of 3.90. Camping World has a 52 week low of $26.30 and a 52 week high of $47.35.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The firm’s revenue was up 25.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS. equities research analysts predict that Camping World will post 2.29 EPS for the current year.

In related news, insider Roger L. Nuttall sold 11,625 shares of the business’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $37.61, for a total transaction of $437,216.25. Following the transaction, the insider now directly owns 62,386 shares of the company’s stock, valued at approximately $2,346,337.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Roger L. Nuttall sold 67,146 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $38.55, for a total value of $2,588,478.30. Following the transaction, the insider now directly owns 79,259 shares in the company, valued at $3,055,434.45. The disclosure for this sale can be found here. Insiders sold a total of 8,239,274 shares of company stock worth $332,471,945 over the last ninety days. Corporate insiders own 66.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY lifted its position in Camping World by 9.6% during the 3rd quarter. Bamco Inc. NY now owns 2,335,600 shares of the company’s stock worth $95,152,000 after acquiring an additional 205,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in Camping World during the 3rd quarter worth approximately $697,000. Cubist Systematic Strategies LLC lifted its position in Camping World by 75.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,458 shares of the company’s stock worth $752,000 after acquiring an additional 7,943 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in Camping World during the 3rd quarter worth approximately $1,368,000. Finally, Engineers Gate Manager LP lifted its position in Camping World by 96.2% during the 3rd quarter. Engineers Gate Manager LP now owns 65,826 shares of the company’s stock worth $2,682,000 after acquiring an additional 32,276 shares in the last quarter. 33.98% of the stock is currently owned by hedge funds and other institutional investors.

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Camping World 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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