Camping World (NYSE:CWH) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Camping World (NYSE:CWH) from a strong sell rating to a hold rating in a report issued on Tuesday, Zacks.com reports.

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. “

CWH has been the subject of several other research reports. BMO Capital Markets lowered their price target on Camping World from $11.00 to $9.00 and set a market perform rating for the company in a report on Friday, August 9th. Bank of America decreased their target price on Camping World from $10.00 to $7.00 and set an underperform rating for the company in a report on Wednesday, September 4th. Robert W. Baird cut Camping World from an outperform rating to a neutral rating and decreased their target price for the stock from $18.00 to $12.00 in a report on Friday, July 26th. Monness Crespi & Hardt reiterated a buy rating and set a $14.00 target price (down previously from $19.00) on shares of Camping World in a report on Thursday, August 8th. Finally, Northcoast Research cut Camping World from a buy rating to a neutral rating in a report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $13.14.

CWH traded up $0.84 during midday trading on Tuesday, hitting $10.61. The company’s stock had a trading volume of 1,660,589 shares, compared to its average volume of 874,812. The company has a current ratio of 1.35, a quick ratio of 0.26 and a debt-to-equity ratio of 79.52. The firm has a market cap of $856.14 million, a P/E ratio of 9.47 and a beta of 3.13. The firm has a 50-day moving average price of $9.07 and a two-hundred day moving average price of $10.51. Camping World has a 52-week low of $7.12 and a 52-week high of $19.57.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.04). The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Camping World had a negative net margin of 0.37% and a negative return on equity of 9.12%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 EPS. On average, equities analysts expect that Camping World will post -0.26 EPS for the current year.

In other news, Director Andris A. Baltins bought 20,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was acquired at an average price of $9.02 per share, for a total transaction of $180,400.00. Following the acquisition, the director now owns 44,204 shares of the company’s stock, valued at $398,720.08. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Melvin Flanigan bought 36,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average price of $8.25 per share, with a total value of $297,000.00. Following the acquisition, the chief financial officer now directly owns 98,500 shares in the company, valued at approximately $812,625. The disclosure for this purchase can be found here. Insiders have bought a total of 1,087,330 shares of company stock valued at $8,529,783 in the last quarter. Company insiders own 49.40% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in CWH. Nisa Investment Advisors LLC lifted its position in Camping World by 3,125.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 5,160 shares of the company’s stock worth $64,000 after acquiring an additional 5,000 shares in the last quarter. Camelot Portfolios LLC acquired a new position in Camping World during the 2nd quarter worth approximately $124,000. Aperio Group LLC acquired a new position in Camping World during the 2nd quarter worth approximately $54,000. Alpine Woods Capital Investors LLC lifted its position in Camping World by 7.2% during the 2nd quarter. Alpine Woods Capital Investors LLC now owns 53,900 shares of the company’s stock worth $669,000 after acquiring an additional 3,600 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Camping World by 7.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 98,028 shares of the company’s stock worth $1,210,000 after acquiring an additional 6,671 shares in the last quarter. 40.67% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.

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