Camping World (NYSE:CWH) Downgraded by Northcoast Research to Neutral

Northcoast Research cut shares of Camping World (NYSE:CWH) from a buy rating to a neutral rating in a research note released on Thursday morning, BenzingaRatingsTable reports.

Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. cut Camping World from an overweight rating to a neutral rating and reduced their price target for the company from $19.00 to $11.00 in a report on Thursday, August 8th. Zacks Investment Research raised Camping World from a strong sell rating to a hold rating in a report on Tuesday, May 7th. Robert W. Baird cut Camping World from an outperform rating to a neutral rating and reduced their price target for the company from $18.00 to $12.00 in a report on Friday, July 26th. Monness Crespi & Hardt reissued a buy rating and issued a $14.00 price target (down from $19.00) on shares of Camping World in a report on Thursday, August 8th. Finally, ValuEngine raised Camping World from a sell rating to a hold rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $13.68.

Shares of CWH traded up $0.73 during mid-day trading on Thursday, hitting $8.23. The company’s stock had a trading volume of 28,070 shares, compared to its average volume of 998,016. The company has a current ratio of 1.35, a quick ratio of 0.22 and a debt-to-equity ratio of 79.52. The firm has a 50-day simple moving average of $10.99 and a 200 day simple moving average of $12.71. The firm has a market capitalization of $738.54 million, a P/E ratio of 7.24, a P/E/G ratio of 1.40 and a beta of 2.91. Camping World has a 1-year low of $7.25 and a 1-year high of $23.60.



Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.19). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. Camping World had a negative net margin of 0.37% and a negative return on equity of 9.12%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts predict that Camping World will post 0.53 EPS for the current fiscal year.

In other news, CFO Melvin Flanigan acquired 36,000 shares of Camping World stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average cost of $8.25 per share, with a total value of $297,000.00. Following the completion of the acquisition, the chief financial officer now owns 98,500 shares in the company, valued at approximately $812,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Abrams Capital Management, L.P acquired 44,468 shares of Camping World stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $11.04 per share, with a total value of $490,926.72. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 287,537 shares of company stock valued at $3,040,885. 49.40% of the stock is currently owned by insiders.

Hedge funds have recently modified their holdings of the stock. Abrams Capital Management L.P. increased its position in Camping World by 29.5% during the second quarter. Abrams Capital Management L.P. now owns 5,108,808 shares of the company’s stock worth $63,451,000 after buying an additional 1,163,446 shares in the last quarter. Wasatch Advisors Inc. increased its position in Camping World by 13.8% during the second quarter. Wasatch Advisors Inc. now owns 3,292,880 shares of the company’s stock worth $40,898,000 after buying an additional 398,118 shares in the last quarter. Cambiar Investors LLC purchased a new position in Camping World during the first quarter worth $3,101,000. River Road Asset Management LLC purchased a new position in Camping World during the first quarter worth $2,783,000. Finally, Nuveen Asset Management LLC purchased a new position in Camping World during the second quarter worth $2,206,000. 40.00% of the stock is owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.

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Analyst Recommendations for Camping World (NYSE:CWH)

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