Camping World (NYSE:CWH) PT Lowered to $26.00 at KeyCorp

Camping World (NYSE:CWH) had its price target reduced by KeyCorp from $30.00 to $26.00 in a report released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

CWH has been the topic of several other reports. Stephens reiterated an overweight rating and set a $28.00 target price (up from $26.00) on shares of Camping World in a research report on Wednesday, January 17th. Truist Financial lowered their target price on Camping World from $30.00 to $28.00 and set a buy rating on the stock in a research report on Friday. StockNews.com upgraded Camping World from a sell rating to a hold rating in a research report on Thursday. Citigroup lifted their target price on Camping World from $26.00 to $30.00 and gave the company a buy rating in a research report on Tuesday, January 23rd. Finally, Roth Mkm reiterated a buy rating and set a $28.00 target price (down from $30.00) on shares of Camping World in a research report on Friday. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Camping World has an average rating of Moderate Buy and a consensus target price of $30.20.

Camping World Stock Performance

Shares of 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. Camping World has a one year low of $16.18 and a one year high of $32.88. The firm has a market capitalization of $1.70 billion, a P/E ratio of -502.37 and a beta of 2.67. The business has a fifty day moving average of $24.89 and a 200 day moving average of $23.88.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.06. Camping World had a negative return on equity of 2.16% and a net margin of 0.09%. The company had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the company posted ($0.33) earnings per share. Camping World’s revenue was down 13.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Camping World will post 1.06 EPS for the current year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.49%. Camping World’s dividend payout ratio is currently -1,249.69%.

Insider Buying and Selling

In related news, CEO Marcus Lemonis sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the sale, the chief executive officer now directly owns 405,268 shares in the company, valued at $10,387,018.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently made changes to their positions in CWH. ICA Group Wealth Management LLC purchased a new stake in shares of Camping World in the fourth quarter worth about $35,000. Selway Asset Management purchased a new stake in shares of Camping World in the third quarter worth about $55,000. Advisory Services Network LLC purchased a new stake in shares of Camping World in the fourth quarter worth about $172,000. Moors & Cabot Inc. lifted its position in shares of Camping World by 13.5% in the third quarter. Moors & Cabot Inc. now owns 9,802 shares of the company’s stock worth $200,000 after buying an additional 1,164 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in Camping World during the fourth quarter worth approximately $207,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

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.