Camping World (NYSE:CWH) Price Target Raised to $18.00

Camping World (NYSE:CWH) had its target price lifted by KeyCorp from $16.00 to $18.00 in a report issued on Friday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also recently commented on the company. Monness Crespi & Hardt decreased their target price on Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Robert W. Baird cut their price target on Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st. Truist Financial cut their price target on Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. raised Camping World from a “neutral” rating to an “overweight” rating and cut their price target for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Finally, Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.78.

Camping World Stock Performance

Shares of NYSE:CWH opened at $16.14 on Friday. The business’s fifty day moving average price is $14.63 and its two-hundred day moving average price is $19.36. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -23.39, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. Camping World has a fifty-two week low of $11.17 and a fifty-two week high of $25.97.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.23) by $0.07. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.40) earnings per share. As a group, analysts predict that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, June 13th. Camping World’s payout ratio is -108.70%.

Insider Buying and Selling at Camping World

In other Camping World news, President Matthew D. Wagner purchased 5,725 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were bought at an average price of $17.61 per share, with a total value of $100,817.25. Following the completion of the transaction, the president now directly owns 300,640 shares in the company, valued at $5,294,270.40. This trade represents a 1.94% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 35.60% of the company’s stock.

Institutional Investors Weigh In On Camping World

A number of hedge funds have recently modified their holdings of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Camping World by 17.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company’s stock worth $1,927,000 after purchasing an additional 17,665 shares during the period. 1060 Capital LLC acquired a new stake in shares of Camping World during the first quarter worth about $5,818,000. Voleon Capital Management LP raised its position in shares of Camping World by 76.9% during the first quarter. Voleon Capital Management LP now owns 53,074 shares of the company’s stock worth $858,000 after purchasing an additional 23,071 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Camping World by 66.2% during the first quarter. Goldman Sachs Group Inc. now owns 889,377 shares of the company’s stock worth $14,372,000 after purchasing an additional 354,333 shares during the period. Finally, Petrus Trust Company LTA acquired a new stake in shares of Camping World during the first quarter worth about $360,000. Institutional investors and hedge funds 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.