Camping World Holdings Inc. (NYSE:CWH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.
According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “
CWH has been the topic of a number of other reports. Credit Suisse Group reiterated an “outperform” rating and set a $36.00 price target on shares of Camping World Holdings in a research note on Friday, June 2nd. Robert W. Baird boosted their price target on shares of Camping World Holdings from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Wells Fargo & Company upgraded shares of Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 price target on the stock in a research note on Tuesday, May 30th. ValuEngine upgraded shares of Camping World Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Finally, BMO Capital Markets boosted their price target on shares of Camping World Holdings from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $35.46.
Shares of Camping World Holdings (NYSE:CWH) opened at 35.56 on Tuesday. The company’s market cap is $1.05 billion. The stock’s 50 day moving average is $32.32 and its 200-day moving average is $31.32. Camping World Holdings has a 52 week low of $20.45 and a 52 week high of $36.63.
Camping World Holdings (NYSE:CWH) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.15. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. Camping World Holdings’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS. On average, equities analysts anticipate that Camping World Holdings will post $2.08 earnings per share for the current year.
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In other news, CFO Thomas F. Wolfe sold 4,179 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $32.01, for a total transaction of $133,769.79. Following the completion of the transaction, the chief financial officer now directly owns 49,179 shares of the company’s stock, valued at $1,574,219.79. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas F. Wolfe sold 42,854 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $32.16, for a total value of $1,378,184.64. Following the transaction, the chief financial officer now directly owns 78,974 shares of the company’s stock, valued at $2,539,803.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,750,550 shares of company stock valued at $188,992,776. Corporate insiders own 66.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in CWH. Legal & General Group Plc increased its position in shares of Camping World Holdings by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after buying an additional 211 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of Camping World Holdings during the second quarter worth approximately $111,000. Quantbot Technologies LP increased its position in shares of Camping World Holdings by 180.2% in the first quarter. Quantbot Technologies LP now owns 5,686 shares of the company’s stock worth $183,000 after buying an additional 3,657 shares in the last quarter. FNY Partners Fund LP bought a new position in shares of Camping World Holdings during the first quarter worth approximately $193,000. Finally, Affinity Investment Advisors LLC bought a new position in shares of Camping World Holdings during the second quarter worth approximately $208,000. 86.24% of the stock is owned by institutional investors and hedge funds.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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