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

Wall Street Zen lowered shares of Camping World (NYSE:CWH) from a hold rating to a sell rating in a research note issued to investors on Sunday morning.

CWH has been the subject of a number of other research reports. Truist Financial lowered their target price on Camping World from $15.00 to $14.00 and set a “buy” rating for the company in a report on Thursday, April 9th. Citigroup cut their price target on Camping World from $12.00 to $10.00 and set a “buy” rating on the stock in a report on Friday. Raymond James Financial set a $10.00 price target on Camping World in a research report on Friday, May 1st. Weiss Ratings cut Camping World from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Finally, Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Camping World Trading Up 1.9%

NYSE:CWH opened at $6.24 on Friday. The firm has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $8.42. Camping World has a one year low of $5.49 and a one year high of $18.34. The firm has a market cap of $642.14 million, a P/E ratio of -4.18 and a beta of 2.04. The company has a debt-to-equity ratio of 4.30, a quick ratio of 0.23 and a current ratio of 1.17.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.41 billion. Camping World had a negative net margin of 1.49% and a negative return on equity of 4.06%. The company’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the firm earned ($0.16) earnings per share. Equities analysts anticipate that Camping World will post 0.33 EPS for the current fiscal year.

Hedge Funds Weigh In On Camping World

Several institutional investors and hedge funds have recently bought and sold shares of CWH. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Camping World during the 4th quarter valued at $25,000. Quarry LP grew its stake in Camping World by 2,275.8% during the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock worth $25,000 after buying an additional 1,502 shares during the last quarter. Essential Partners LLC acquired a new position in Camping World during the 1st quarter valued at about $69,000. Russell Investments Group Ltd. raised its stake in Camping World by 923.8% in the third quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock valued at $87,000 after buying an additional 4,998 shares during the last quarter. Finally, MGO One Seven LLC acquired a new stake in Camping World in the fourth quarter worth about $107,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

About Camping World

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.