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

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

Several other analysts also recently issued reports on the company. Bank of America downgraded Camping World from a neutral rating to an underperform rating and cut their price objective for the stock from $15.00 to $13.00 in a report on Thursday, May 9th. ValuEngine upgraded Camping World from a sell rating to a hold rating in a report on Thursday, August 1st. JPMorgan Chase & Co. downgraded Camping World from an overweight rating to a neutral rating and dropped their target price for the company from $19.00 to $11.00 in a report on Thursday, August 8th. Robert W. Baird downgraded Camping World from an outperform rating to a neutral rating and dropped their target price for the company from $18.00 to $12.00 in a report on Friday, July 26th. Finally, Zacks Investment Research upgraded Camping World from a strong sell rating to a hold rating in a report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. Camping World presently has a consensus rating of Hold and a consensus price target of $13.68.

NYSE CWH opened at $8.29 on Thursday. The stock’s 50-day moving average price is $10.91 and its two-hundred day moving average price is $12.68. 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 company has a market cap of $660.57 million, a PE ratio of 7.40, a PEG ratio of 1.25 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 data on Wednesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.19). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. Camping World had a negative return on equity of 9.12% and a negative net margin of 0.37%. Camping World’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 EPS. Research analysts forecast that Camping World will post 0.53 EPS for the current fiscal year.

In other news, major shareholder Abrams Capital Management, L.P purchased 178,659 shares of the stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $11.04 per share, with a total value of $1,972,395.36. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Melvin Flanigan purchased 36,000 shares of the 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 purchase, the chief financial officer now owns 98,500 shares in the company, valued at approximately $812,625. The disclosure for this purchase can be found here. Insiders bought a total of 287,537 shares of company stock worth $3,040,885 in the last quarter. 49.40% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in CWH. CSat Investment Advisory L.P. bought a new stake in shares of Camping World in the 2nd quarter valued at approximately $26,000. Aperio Group LLC bought a new position in shares of Camping World in the 2nd quarter valued at about $54,000. Nisa Investment Advisors LLC lifted its holdings in shares of Camping World by 3,125.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,160 shares of the company’s stock valued at $64,000 after acquiring an additional 5,000 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Camping World by 52,007.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,774 shares of the company’s stock valued at $94,000 after acquiring an additional 6,761 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY lifted its holdings in shares of Camping World by 358.2% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 10,283 shares of the company’s stock valued at $118,000 after acquiring an additional 8,039 shares during the last quarter. 40.00% of the stock is owned by institutional investors and hedge funds.

Camping World Company Profile

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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