Camping World (NYSE:CWH) PT Lowered to $28.00

Camping World (NYSE:CWH) had its price objective dropped by research analysts at Truist Financial from $30.00 to $28.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 39.30% from the stock’s current price.

A number of other analysts have also issued reports on the stock. Citigroup boosted their price target on shares of Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Stephens reiterated an “overweight” rating and set a $28.00 price target (up previously from $26.00) on shares of Camping World in a report on Wednesday, January 17th. KeyCorp raised their price objective on shares of Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Finally, StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a research note on Thursday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.20.

Camping World Stock Down 0.1 %

Shares of NYSE:CWH opened at $20.10 on Friday. The company has a debt-to-equity ratio of 7.55, a current ratio of 1.21 and a quick ratio of 0.16. The firm has a market capitalization of $1.70 billion, a PE ratio of -502.37 and a beta of 2.67. The firm’s 50-day moving average is $24.89 and its two-hundred day moving average is $23.83. Camping World has a 1 year low of $16.18 and a 1 year high of $32.88.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.15 billion. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.33) earnings per share. Analysts predict that Camping World will post 1.06 EPS for the current year.

Insider Activity at Camping World

In other news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the sale, the chief executive officer now owns 405,268 shares in the company, valued at $10,387,018.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.80% of the stock is owned by corporate insiders.

Institutional Trading of Camping World

Institutional investors and hedge funds have recently made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Camping World by 13.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 367,300 shares of the company’s stock valued at $7,497,000 after purchasing an additional 42,767 shares during the last quarter. Gendell Jeffrey L raised its stake in Camping World by 68.0% during the 3rd quarter. Gendell Jeffrey L now owns 335,900 shares of the company’s stock valued at $6,856,000 after acquiring an additional 135,900 shares during the last quarter. Deutsche Bank AG raised its stake in Camping World by 40.8% during the 3rd quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock valued at $7,916,000 after acquiring an additional 112,478 shares during the last quarter. Scopus Asset Management L.P. purchased a new stake in Camping World during the 3rd quarter valued at approximately $918,000. Finally, FMR LLC raised its stake in Camping World by 9.5% during the 3rd quarter. FMR LLC now owns 1,941,972 shares of the company’s stock valued at $39,636,000 after acquiring an additional 169,117 shares during the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Company Profile

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.