Camping World (NYSE:CWH) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Camping World (NYSE:CWH) from an overweight rating to a neutral rating in a report released on Thursday, 24/7 WallStreet reports. The brokerage currently has $11.00 price target on the stock, down from their prior price target of $19.00.

A number of other analysts have also weighed in on CWH. BMO Capital Markets lowered shares of Camping World from an outperform rating to a market perform rating and set a $11.78 price objective for the company. in a research note on Friday, June 7th. Robert W. Baird lowered shares of Camping World from an outperform rating to a neutral rating and lowered their price objective for the stock from $18.00 to $12.00 in a research note on Friday, July 26th. ValuEngine upgraded shares of Camping World from a sell rating to a hold rating in a report on Thursday, August 1st. Northcoast Research started coverage on shares of Camping World in a report on Friday, June 14th. They issued a buy rating and a $15.00 target price for the company. Finally, Bank of America downgraded shares of Camping World from a neutral rating to an underperform rating and reduced their target price for the stock from $15.00 to $13.00 in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $13.68.

NYSE:CWH traded up $0.20 during mid-day trading on Thursday, reaching $8.91. The company’s stock had a trading volume of 1,375,528 shares, compared to its average volume of 923,296. Camping World has a 1 year low of $8.39 and a 1 year high of $23.60. The business’s fifty day simple moving average is $11.39. The company has a debt-to-equity ratio of 264.05, a current ratio of 1.35 and a quick ratio of 0.22.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.19). Camping World had a negative return on equity of 7.82% and a negative net margin of 0.37%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company earned $0.96 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Camping World will post 0.53 EPS for the current fiscal year.

In other news, major shareholder Abrams Capital Management, L.P bought 178,659 shares of Camping World stock in a transaction on Tuesday, May 28th. The stock was acquired at an average cost of $11.04 per share, for a total transaction of $1,972,395.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marcus Lemonis bought 8,410 shares of Camping World stock in a transaction on Thursday, June 6th. The stock was purchased at an average price of $11.91 per share, with a total value of $100,163.10. Following the completion of the acquisition, the insider now directly owns 207,504 shares of the company’s stock, valued at approximately $2,471,372.64. The disclosure for this purchase can be found here. Insiders acquired 857,260 shares of company stock valued at $9,985,647 over the last quarter. 49.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Abrams Capital Management L.P. increased its holdings in shares of Camping World by 2.2% during the first quarter. Abrams Capital Management L.P. now owns 3,945,362 shares of the company’s stock valued at $54,880,000 after acquiring an additional 86,554 shares in the last quarter. Truvestments Capital LLC acquired a new position in shares of Camping World during the first quarter valued at about $122,000. Norges Bank acquired a new position in shares of Camping World during the fourth quarter valued at about $189,000. Factorial Partners LLC acquired a new position in shares of Camping World during the first quarter valued at about $362,000. Finally, Legal & General Group Plc increased its holdings in shares of Camping World by 6.4% during the fourth quarter. Legal & General Group Plc now owns 12,426 shares of the company’s stock valued at $143,000 after acquiring an additional 745 shares in the last quarter. Hedge funds and other institutional investors own 40.27% of the company’s stock.

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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Analyst Recommendations for Camping World (NYSE:CWH)

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