JPMorgan Chase & Co. Upgrades Camping World (NYSE:CWH) to Overweight

Camping World (NYSE:CWH) was upgraded by investment analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a $21.00 price target on the stock, down from their previous price target of $23.00. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 51.41% from the stock’s previous close.

Several other research firms also recently issued reports on CWH. Truist Financial decreased their price objective on shares of Camping World from $28.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, April 14th. KeyCorp lowered their price target on Camping World from $22.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Baird R W downgraded Camping World from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $18.00 target price (down from $28.00) on shares of Camping World in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.63.

Camping World Stock Up 4.7 %

CWH stock opened at $13.87 on Thursday. The company has a 50 day moving average price of $15.27 and a two-hundred day moving average price of $20.05. 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 $1.41 billion, a P/E ratio of -20.10, a PEG ratio of 0.92 and a beta of 2.32. Camping World has a one year low of $11.17 and a one year high of $25.97.

Camping World (NYSE:CWH) last released its earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.23) by $0.07. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the firm posted ($0.40) earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that Camping World will post -0.66 EPS for the current year.

Insiders Place Their Bets

In other Camping World news, President Matthew D. Wagner acquired 5,725 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the purchase, the president now directly 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 filing with the SEC, which is accessible through this link. 35.60% of the stock is owned by corporate insiders.

Institutional Trading of Camping World

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

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.