Wall Street Zen lowered shares of Camping World (NYSE:CWH – Free Report) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.
Several other equities research analysts have also issued reports on the company. Truist Financial reduced their price target on Camping World from $14.00 to $10.00 and set a “buy” rating for the company in a report on Thursday, September 10th. Bank of America restated a “buy” rating and issued a $14.00 price objective on shares of Camping World in a report on Friday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of Camping World from $11.00 to $9.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. KeyCorp decreased their target price on shares of Camping World from $8.00 to $7.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, Robert W. Baird set a $7.00 price target on shares of Camping World in a research note on Friday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $10.20.
Camping World Trading Down 9.5%
NYSE CWH opened at $4.61 on Friday. Camping World has a 1-year low of $3.96 and a 1-year high of $15.18. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. The company has a market capitalization of $476.50 million, a PE ratio of -1.15 and a beta of 2.21. The firm’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $7.23.
Camping World (NYSE:CWH – Get Free Report) last announced its quarterly earnings data on Monday, November 2nd. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.33). Camping World had a negative return on equity of 17.74% and a negative net margin of 4.20%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the business posted $0.43 earnings per share. Camping World’s revenue was down 12.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Camping World will post -0.55 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Camping World by 4.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,077,442 shares of the company’s stock worth $7,358,000 after purchasing an additional 41,258 shares during the last quarter. Walleye Capital LLC grew its holdings in Camping World by 995.1% during the first quarter. Walleye Capital LLC now owns 447,737 shares of the company’s stock valued at $3,058,000 after purchasing an additional 406,852 shares during the last quarter. KBC Group NV bought a new position in shares of Camping World in the first quarter valued at approximately $2,003,000. Sei Investments Co. raised its position in shares of Camping World by 44.7% in the first quarter. Sei Investments Co. now owns 208,795 shares of the company’s stock valued at $1,426,000 after purchasing an additional 64,495 shares during the period. Finally, Y Intercept Hong Kong Ltd lifted its position in Camping World by 189.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company’s stock worth $774,000 after acquiring an additional 74,200 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.
Camping World Company Profile
Camping World Holdings, Inc is a recreational vehicle retailer and service provider operating under the Camping World brand. The company sells new and used motorized and towable recreational vehicles, including motorhomes, travel trailers and fifth-wheel trailers, serving consumers across the United States.
In addition to vehicle sales, Camping World provides related products and services through its dealership network. These offerings include RV parts and accessories, maintenance and repair services, vehicle financing and insurance products, and other ownership-related services.
See Also
- Five stocks we like better than Camping World
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for Camping World Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camping World and related companies with MarketBeat.com's FREE daily email newsletter.
