Camping World Holdings Inc. (CWH) Cut to “Hold” at ValuEngine

ValuEngine cut shares of Camping World Holdings Inc. (NYSE:CWH) from a buy rating to a hold rating in a report published on Monday.

Several other research firms have also commented on CWH. J P Morgan Chase & Co upgraded shares of Camping World Holdings from a neutral rating to an overweight rating and boosted their price objective for the stock from $37.00 to $38.00 in a research note on Thursday, July 13th. Robert W. Baird restated a buy rating on shares of Camping World Holdings in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of Camping World Holdings from a hold rating to a sell rating in a research note on Thursday, July 6th. KeyCorp restated a buy rating and set a $42.00 price target on shares of Camping World Holdings in a research note on Thursday, August 31st. Finally, Credit Suisse Group restated a buy rating on shares of Camping World Holdings in a research note on Sunday. One investment 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 stock. The company currently has an average rating of Buy and an average target price of $37.21.

Shares of Camping World Holdings (CWH) traded up 0.35% during midday trading on Monday, hitting $39.73. 39,384 shares of the company traded hands. Camping World Holdings has a 52 week low of $20.45 and a 52 week high of $41.27. The company has a 50-day moving average price of $38.97 and a 200-day moving average price of $38.97. The stock’s market capitalization is $1.17 billion.

Camping World Holdings (NYSE:CWH) last posted its quarterly earnings data on Thursday, August 10th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.69 by $0.15. The firm 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%. Camping World Holdings’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 EPS. Analysts anticipate that Camping World Holdings will post $2.12 earnings per share for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.81%. Camping World Holdings’s payout ratio is 14.29%.

In other news, insider Brent L. Moody sold 5,553 shares of the company’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $30.12, for a total value of $167,256.36. Following the sale, the insider now directly owns 65,553 shares of the company’s stock, valued at approximately $1,974,456.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brent L. Moody sold 35,254 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $40.46, for a total transaction of $1,426,376.84. Following the completion of the sale, the insider now directly owns 83,124 shares in the company, valued at $3,363,197.04. The disclosure for this sale can be found here. Insiders have sold a total of 865,221 shares of company stock worth $31,381,752 in the last 90 days. 66.60% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY boosted its holdings in shares of Camping World Holdings by 93.7% in the 2nd quarter. Bamco Inc. NY now owns 2,130,600 shares of the company’s stock valued at $65,729,000 after acquiring an additional 1,030,600 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Camping World Holdings by 73.9% in the 2nd quarter. Voya Investment Management LLC now owns 1,104,837 shares of the company’s stock valued at $34,084,000 after acquiring an additional 469,558 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of Camping World Holdings by 190.6% in the 2nd quarter. Eagle Asset Management Inc. now owns 1,098,018 shares of the company’s stock valued at $33,873,000 after acquiring an additional 720,235 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of Camping World Holdings by 347.5% in the 2nd quarter. Citadel Advisors LLC now owns 965,923 shares of the company’s stock valued at $29,799,000 after acquiring an additional 750,059 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Camping World Holdings by 72.6% in the 2nd quarter. Vanguard Group Inc. now owns 853,107 shares of the company’s stock valued at $26,319,000 after acquiring an additional 358,886 shares during the last quarter. 31.40% of the stock is currently owned by institutional investors and hedge funds.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Camping World Holdings (NYSE:CWH)

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