Bank of America Downgrades Camping World (CWH) to Underperform

Bank of America downgraded shares of Camping World (NYSE:CWH) from a neutral rating to an underperform rating in a research report released on Thursday, Benzinga reports. Bank of America currently has $13.00 price target on the stock, down from their prior price target of $15.00.

CWH has been the subject of several other research reports. Zacks Investment Research raised Camping World from a strong sell rating to a hold rating in a research note on Tuesday, May 7th. Jefferies Financial Group started coverage on Camping World in a report on Thursday, March 28th. They set a hold rating and a $15.00 price target on the stock. Citigroup set a $16.00 price target on Camping World and gave the stock a buy rating in a report on Friday, March 22nd. Credit Suisse Group cut their price target on Camping World from $18.50 to $17.00 and set a neutral rating on the stock in a report on Friday, March 8th. Finally, Robert W. Baird reaffirmed an outperform rating on shares of Camping World in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $20.86.

NYSE:CWH opened at $11.52 on Thursday. The company has a debt-to-equity ratio of 36.20, a current ratio of 1.45 and a quick ratio of 0.25. Camping World has a 1-year low of $11.01 and a 1-year high of $27.17. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.29, a PEG ratio of 0.59 and a beta of 2.70.

Camping World (NYSE:CWH) last announced its earnings results on Thursday, March 7th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.38). The business had revenue of $982.39 million during the quarter, compared to the consensus estimate of $973.80 million. Camping World had a negative net margin of 0.16% and a positive return on equity of 66.03%. As a group, sell-side analysts anticipate that Camping World will post 1.59 EPS for the current year.

In other news, major shareholder Abrams Capital Management, L.P acquired 413,446 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average cost of $13.44 per share, with a total value of $5,556,714.24. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Marcus Lemonis acquired 99,094 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $13.27 per share, for a total transaction of $1,314,977.38. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 599,094 shares of company stock worth $7,962,929. 49.40% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in CWH. Bank of New York Mellon Corp increased its stake in Camping World by 129.0% in the 4th quarter. Bank of New York Mellon Corp now owns 431,472 shares of the company’s stock worth $4,949,000 after purchasing an additional 243,064 shares during the period. Cambiar Investors LLC purchased a new position in Camping World in the 1st quarter worth approximately $3,101,000. River Road Asset Management LLC purchased a new position in Camping World in the 1st quarter worth approximately $2,783,000. Strs Ohio increased its stake in Camping World by 26.9% in the 4th quarter. Strs Ohio now owns 850,000 shares of the company’s stock worth $9,749,000 after purchasing an additional 180,000 shares during the period. Finally, South Dakota Investment Council purchased a new position in Camping World in the 1st quarter worth approximately $2,052,000. 41.48% of the stock is currently 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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