Camping World Holdings Inc. (CWH) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Camping World Holdings Inc. (NYSE:CWH) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $39.00 price target on the stock.

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. “

A number of other equities research analysts have also commented on the company. ValuEngine upgraded Camping World Holdings from a hold rating to a buy rating in a research report on Thursday, May 25th. Goldman Sachs Group, Inc. (The) raised Camping World Holdings from a neutral rating to a buy rating and raised their price target for the stock from $30.00 to $34.00 in a research note on Friday, June 9th. Credit Suisse Group reaffirmed an outperform rating and set a $36.00 price target on shares of Camping World Holdings in a research note on Friday, June 2nd. J P Morgan Chase & Co raised Camping World Holdings from a neutral rating to an overweight rating and raised their price target for the stock from $37.00 to $38.00 in a research note on Thursday, July 13th. Finally, BMO Capital Markets initiated coverage on Camping World Holdings in a research note on Wednesday, June 21st. They set an outperform rating and a $36.00 price target for the company. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $35.46.

Shares of Camping World Holdings (NYSE CWH) traded up 0.55% on Wednesday, reaching $36.56. 380,711 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $32.71 and its 200-day moving average price is $31.39. Camping World Holdings has a 52 week low of $20.45 and a 52 week high of $36.92. The stock’s market capitalization is $1.08 billion.

Camping World Holdings (NYSE:CWH) last announced its quarterly earnings data on Thursday, August 10th. The company reported $0.84 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.15. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities analysts predict that Camping World Holdings will post $2.08 EPS for the current year.

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In other news, Director Crestview Partners Ii Gp, L.P. sold 5,500,000 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $27.75, for a total transaction of $152,625,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Thomas F. Wolfe sold 42,854 shares of the firm’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 sale, 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. Insiders have sold a total of 6,750,550 shares of company stock valued at $188,992,776 over the last ninety days. Company insiders own 66.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of CWH. Oxford Asset Management bought a new position in shares of Camping World Holdings during the first quarter worth $2,042,000. Eagle Asset Management Inc. bought a new position in shares of Camping World Holdings during the first quarter worth $12,179,000. Gerber Kawasaki Wealth & Investment Management increased its position in shares of Camping World Holdings by 10.1% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 11,487 shares of the company’s stock worth $324,000 after buying an additional 1,052 shares during the last quarter. Sei Investments Co. increased its position in shares of Camping World Holdings by 21.2% in the first quarter. Sei Investments Co. now owns 30,794 shares of the company’s stock worth $993,000 after buying an additional 5,392 shares during the last quarter. Finally, First Foundation Advisors increased its position in shares of Camping World Holdings by 19.5% in the first quarter. First Foundation Advisors now owns 15,000 shares of the company’s stock worth $484,000 after buying an additional 2,450 shares during the last quarter. 86.24% of the stock is currently 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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