Camping World Holdings Inc. (NYSE:CWH) Downgraded to Hold at Zacks Investment Research

Camping World Holdings Inc. (NYSE:CWH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Monday, October 16th.

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 subject of a number of other reports. KeyCorp reaffirmed an “overweight” rating and issued a $42.00 price target on shares of Camping World Holdings in a research note on Wednesday, August 30th. Robert W. Baird upped 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. ValuEngine raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Credit Suisse Group set a $40.00 target price on shares of Camping World Holdings and gave the company a “buy” rating in a research note on Friday, August 11th. Finally, BMO Capital Markets increased their target price on shares of Camping World Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, August 14th. One equities research analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $37.79.

Camping World Holdings (NYSE:CWH) traded up 3.56% on Monday, reaching $41.94. The company’s stock had a trading volume of 1,527,976 shares. The firm’s market capitalization is $1.23 billion. Camping World Holdings has a 52 week low of $20.90 and a 52 week high of $45.84. The company has a 50 day moving average of $40.22 and a 200 day moving average of $33.49.

Camping World Holdings (NYSE:CWH) last issued its quarterly earnings results on Thursday, August 10th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.69 by $0.15. The company had revenue of $1.28 billion during 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%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, analysts forecast that Camping World Holdings will post $2.14 earnings per share for the current year.

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In other Camping World Holdings news, CFO Thomas F. Wolfe sold 41,769 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $37.70, for a total value of $1,574,691.30. Following the transaction, the chief financial officer now owns 62,529 shares in the company, valued at approximately $2,357,343.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Thomas F. Wolfe sold 68,028 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $38.55, for a total transaction of $2,622,479.40. Following the completion of the transaction, the chief financial officer now owns 79,733 shares in the company, valued at approximately $3,073,707.15. The disclosure for this sale can be found here. Insiders have sold 575,475 shares of company stock worth $22,088,085 in the last 90 days. 66.60% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Camping World Holdings by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after buying an additional 211 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Camping World Holdings during the 2nd quarter worth $111,000. FNY Partners Fund LP acquired a new position in shares of Camping World Holdings during the 1st quarter worth $193,000. Affinity Investment Advisors LLC acquired a new position in shares of Camping World Holdings during the 2nd quarter worth $208,000. Finally, Nationwide Fund Advisors increased its stake in shares of Camping World Holdings by 16.0% during the 1st quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock worth $232,000 after purchasing an additional 993 shares during the last quarter. Hedge funds and other institutional investors own 31.40% of the company’s stock.

About Camping World Holdings

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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Analyst Recommendations for Camping World Holdings (NYSE:CWH)

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