Camping World (NYSE:CWH) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Camping World from “sell” to “hold,” while the broader analyst consensus remains “Moderate Buy,” with 10 buy ratings, one hold and one sell.
• Analysts’ average price target is $12.02, although several firms recently lowered their targets; shares opened at $6.32 and remain near their 52-week low of $5.49.
• Camping World met quarterly EPS expectations at $0.57, but revenue of $1.93 billion fell short of estimates and declined 2.1% year over year. Institutional investors own 52.54% of the company.

Camping World (NYSE:CWH - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

Several other equities research analysts also recently weighed in on the company. Citigroup reduced their price target on Camping World from $10.00 to $9.00 and set a "buy" rating on the stock in a report on Monday, August 3rd. Raymond James Financial set a $8.25 price target on shares of Camping World in a report on Friday, July 31st. Roth Capital set a $12.00 price objective on shares of Camping World in a report on Monday. KeyCorp dropped their target price on shares of Camping World from $12.00 to $9.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Bank of America reiterated a "buy" rating and issued a $14.00 price target on shares of Camping World in a report on Friday, July 31st. Ten research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $12.02.

Camping World Price Performance

Shares of NYSE:CWH opened at $6.32 on Friday. The firm has a market cap of $652.28 million, a price-to-earnings ratio of -4.07 and a beta of 2.06. The firm has a fifty day moving average price of $6.85 and a 200 day moving average price of $8.13. Camping World has a fifty-two week low of $5.49 and a fifty-two week high of $18.34. The company has a debt-to-equity ratio of 3.77, a quick ratio of 0.23 and a current ratio of 1.22.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.57 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.57. The business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.99 billion. Camping World had a negative return on equity of 3.52% and a negative net margin of 1.55%.The company's revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. As a group, sell-side analysts expect that Camping World will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently modified their holdings of CWH. UBS Group AG boosted its stake in Camping World by 0.4% in the third quarter. UBS Group AG now owns 266,095 shares of the company's stock valued at $4,202,000 after acquiring an additional 982 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Camping World by 2.2% during the third quarter. Alliancebernstein L.P. now owns 55,200 shares of the company's stock worth $872,000 after purchasing an additional 1,200 shares in the last quarter. XTX Topco Ltd increased its position in shares of Camping World by 5.8% during the fourth quarter. XTX Topco Ltd now owns 23,079 shares of the company's stock worth $225,000 after purchasing an additional 1,273 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after purchasing an additional 1,401 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company's stock valued at $25,000 after purchasing an additional 1,502 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Camping World Company Profile

Camping World Holdings, Inc NYSE: CWH is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World's offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.

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