KeyCorp Cuts Camping World (NYSE:CWH) Price Target to $16.00

Camping World (NYSE:CWH) had its price target trimmed by KeyCorp from $22.00 to $16.00 in a research note released on Thursday,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts also recently issued research reports about the stock. Robert W. Baird restated a “neutral” rating and set a $18.00 price objective (down previously from $28.00) on shares of Camping World in a research report on Friday, April 4th. Truist Financial reduced their price objective on Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Bank of America started coverage on Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 price target for the company. Finally, Baird R W downgraded shares of Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Camping World currently has an average rating of “Moderate Buy” and a consensus target price of $23.63.

Camping World Stock Up 2.5 %

Shares of Camping World stock opened at $11.97 on Thursday. The company has a 50-day simple moving average of $17.02 and a two-hundred day simple moving average of $20.72. Camping World has a 52-week low of $11.46 and a 52-week high of $25.97. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The stock has a market capitalization of $1.22 billion, a PE ratio of -17.35, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, hitting analysts’ consensus estimates of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.13 billion. On average, analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Friday, March 14th. Camping World’s dividend payout ratio is currently -65.79%.

Insider Activity

In related news, President Matthew D. Wagner bought 5,725 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the transaction, the president now owns 300,640 shares in the company, valued at $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 35.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CWH. Blue Trust Inc. grew its holdings in Camping World by 195.0% during the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock valued at $32,000 after buying an additional 1,014 shares in the last quarter. Byrne Asset Management LLC bought a new position in Camping World during the first quarter valued at $44,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Camping World in the 4th quarter worth about $63,000. Sandia Investment Management LP purchased a new stake in shares of Camping World during the 4th quarter valued at about $105,000. Finally, Summit Investment Advisors Inc. grew its position in Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after acquiring an additional 1,390 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

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.