Camping World (NYSE:CWH) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Camping World from Hold to Sell. Citigroup also cut its rating from Buy to Neutral and lowered its price target from $7 to $5, though the broader analyst consensus remains Moderate Buy with a $10.20 average target.
• Camping World reported a quarterly loss of $0.19 per share, missing the $0.14 consensus estimate; revenue of $1.58 billion also fell short of forecasts and declined 12.5% year over year.
• The stock opened at $4.61 and was reported down 9.5%; it traded near its 52-week low of $3.96, well below its 52-week high of $15.18.

Camping World (NYSE:CWH - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently commented on the company. Citigroup cut Camping World from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $7.00 to $5.00 in a research note on Wednesday. Raymond James Financial restated an "outperform" rating on shares of Camping World in a report on Monday, October 5th. Northcoast Research set a $11.00 price objective on shares of Camping World in a research report on Monday, October 19th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Camping World in a research note on Friday, October 30th. Finally, Bank of America restated a "buy" rating and issued a $14.00 price target on shares of Camping World in a research report on Friday, July 31st. Eight research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $10.20.

Camping World Trading Down 9.5%

Shares of CWH opened at $4.61 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.30 and a debt-to-equity ratio of 3.77. Camping World has a 52-week low of $3.96 and a 52-week high of $15.18. The stock has a fifty day moving average price of $5.23 and a two-hundred day moving average price of $7.23.

Camping World (NYSE:CWH - Get Free Report) last released its earnings results on Monday, November 2nd. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.33). Camping World had a negative net margin of 4.20% and a negative return on equity of 17.74%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. The company's revenue was down 12.5% on a year-over-year basis. As a group, equities research analysts forecast that Camping World will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On Camping World

Hedge funds have recently made changes to their positions in the business. Walleye Capital LLC boosted its position in Camping World by 995.1% in the 1st quarter. Walleye Capital LLC now owns 447,737 shares of the company's stock valued at $3,058,000 after buying an additional 406,852 shares during the last quarter. KBC Group NV bought a new position in Camping World during the first quarter worth about $2,003,000. WINTON GROUP Ltd bought a new stake in Camping World during the 2nd quarter worth approximately $762,000. Y Intercept Hong Kong Ltd boosted its position in shares of Camping World by 189.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 113,287 shares of the company's stock worth $774,000 after buying an additional 74,200 shares during the period. Finally, Sei Investments Co. grew its stake 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 worth $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 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.

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