Camping World (NYSE:CWH – Get a Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report released Thursday.
A number of other brokerages have also recently commented on CWH. JPMorgan Chase & Co. cut its price target on Camping World shares from $66.00 to $58.00 in a research note on Thursday. Zacks Investment Research downgraded shares of Camping World from a “buy” rating to a “hold” rating in a report on Wednesday, January 5. Raymond James dropped his price target on Camping World shares from $54.00 to $45.00 and set an “outperform” rating on the stock in a report Thursday. Robert W. Baird lowered his price target on Camping World shares from $56.00 to $40.00 in a report released Thursday. Finally, BMO Capital Markets downgraded Camping World shares from an “outperforming” rating to a “market performing” rating in a report released Wednesday. Four equity research analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $51.29.
Camping World shares rose $1.20 during Thursday’s trading, hitting $29.96. 3,399,463 shares of the shares traded were traded at an average volume of 1,526,822. The company has a market capitalization of $2.60 billion, a price-earnings ratio of 5.17 and a beta of 3.01. The company has a fifty-day simple moving average of $35.59 and a two-hundred-day simple moving average of $38.50. The company has a debt ratio of 3.98, a current ratio of 1.41 and a quick ratio of 0.32. Camping World has a 52-week minimum of $27.37 and a 52-week maximum of $49.20.
Camping World (NYSE:CWH – Get Rating) last released its quarterly results on Thursday, February 24. The company reported EPS of $0.90 for the quarter, beating Thomson Reuters consensus estimate of $0.85 by $0.05. Camping World had a return on equity of 181.83% and a net margin of 3.98%. The company posted revenue of $1.38 billion in the quarter, compared to analysts’ estimates of $1.30 billion. In the same quarter last year, the company posted earnings per share of $0.34. The company’s revenue increased 21.5% year over year. On average, research analysts predict Camping World will post earnings per share of 6.22 for the current fiscal year.
In other Camping World news, Chief Financial Officer Karin L. Bell sold 8,838 shares in a trade dated Wednesday, December 8. The shares were sold at an average price of $42.00, for a total value of $371,196.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, CEO Marcus Lemonis purchased 2,695 shares of the company in a trade dated Friday, December 17. The shares were purchased at an average cost of $37.09 per share, with a total value of $99,957.55. Disclosure of this purchase can be found here. 45.60% of the shares are currently held by company insiders.
Several institutional investors have recently bought and sold shares of the company. Shay Capital LLC increased its stake in Camping World shares by 5.1% in Q4. Shay Capital LLC now owns 6,209 shares of the company valued at $251,000 after purchasing 301 additional shares during the period. Mercer Global Advisors Inc. ADV increased its position in Camping World shares by 4.7% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 6,761 shares of the company worth $263,000 after purchasing 303 additional shares during the period. Rafferty Asset Management LLC increased its position in Camping World shares by 1.5% during the 4th quarter. Rafferty Asset Management LLC now owns 24,481 shares of the company worth $989,000 after purchasing an additional 364 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Camping World shares by 1.1% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 34,268 shares of the company worth $1,332,000 after purchasing an additional 386 shares during the period. Finally, Islay Capital Management LLC increased its position in Camping World shares by 17.2% during the 3rd quarter. Islay Capital Management LLC now owns 2,836 shares of the company worth $110,000 after purchasing an additional 416 shares during the period. 80.95% of the shares are held by institutional investors and hedge funds.
Camping World Company Profile (Get an assessment)
Camping World Holdings, Inc. operates as a retailer of recreational vehicles (RVs) and related products and services. It operates through the following segments: Good Sam Services & Plans; and RV and outdoor retail. The Good Sam Services & Plans segment includes programs, plans and services that aim to protect, insure and promote the RV lifestyle.
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