A number of other equities research analysts also recently commented on the stock. Northcoast Research assumed coverage on shares of Camping World in a report on Friday, June 14th. They set a buy rating and a $15.00 price target for the company. Robert W. Baird downgraded shares of Camping World from an outperform rating to a neutral rating and lowered their target price for the company from $18.00 to $12.00 in a report on Friday, July 26th. BMO Capital Markets downgraded shares of Camping World from an outperform rating to a market perform rating and set a $11.78 target price for the company. in a report on Friday, June 7th. Zacks Investment Research upgraded shares of Camping World from a strong sell rating to a hold rating in a report on Tuesday, May 7th. Finally, Bank of America downgraded shares of Camping World from a neutral rating to an underperform rating and lowered their target price for the company from $15.00 to $13.00 in a report on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $18.36.
Shares of NYSE CWH traded down $0.05 during midday trading on Thursday, reaching $10.92. 16,911 shares of the stock were exchanged, compared to its average volume of 644,512. The stock has a market capitalization of $937.23 million, a P/E ratio of 9.88, a P/E/G ratio of 1.83 and a beta of 2.92. Camping World has a 52-week low of $10.12 and a 52-week high of $23.60. The company has a debt-to-equity ratio of 264.05, a current ratio of 1.35 and a quick ratio of 0.22. The stock’s 50 day simple moving average is $11.69.
In other Camping World news, major shareholder Abrams Capital Management, L.P purchased 500,000 shares of Camping World stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $12.03 per share, with a total value of $6,015,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Marcus Lemonis purchased 8,410 shares of Camping World stock in a transaction on Thursday, June 6th. The shares were acquired at an average cost of $11.91 per share, for a total transaction of $100,163.10. Following the completion of the transaction, the insider now owns 207,504 shares of the company’s stock, valued at $2,471,372.64. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 1,357,260 shares of company stock worth $16,000,647. 49.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in CWH. Aperio Group LLC acquired a new position in shares of Camping World during the second quarter worth $54,000. Nisa Investment Advisors LLC lifted its position in shares of Camping World by 3,125.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,160 shares of the company’s stock worth $64,000 after purchasing an additional 5,000 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in shares of Camping World by 52,007.7% during the first quarter. BNP Paribas Arbitrage SA now owns 6,774 shares of the company’s stock worth $94,000 after purchasing an additional 6,761 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Camping World by 358.2% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,283 shares of the company’s stock worth $118,000 after purchasing an additional 8,039 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new position in shares of Camping World during the first quarter worth $122,000. 40.27% of the stock is currently owned by hedge funds and other institutional investors.
About Camping World
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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