Camping World (NYSE:CWH) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Camping World (NYSE:CWH) have earned a consensus recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.44.

Several brokerages have commented on CWH. Citigroup reissued a “buy” rating and issued a $23.00 price target (up previously from $21.00) on shares of Camping World in a research report on Monday, June 16th. JPMorgan Chase & Co. upgraded Camping World from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Baird R W downgraded Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Truist Financial lifted their price objective on Camping World from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Robert W. Baird cut their target price on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research note on Thursday, May 1st.

Camping World Stock Down 2.2%

Shares of NYSE:CWH opened at $17.53 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.19 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of -38.10 and a beta of 1.88. The business has a 50-day moving average price of $15.61 and a 200 day moving average price of $18.57. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.07. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the prior year, the firm earned ($0.40) earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. Sell-side analysts expect that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date is Friday, June 13th. Camping World’s dividend payout ratio (DPR) is -108.70%.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently bought and sold shares of CWH. Hood River Capital Management LLC purchased a new position in shares of Camping World during the fourth quarter worth about $62,142,000. Vanguard Group Inc. increased its position in Camping World by 39.2% during the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after buying an additional 1,630,307 shares during the period. Alyeska Investment Group L.P. acquired a new position in Camping World during the fourth quarter worth approximately $33,698,000. Interval Partners LP lifted its stake in Camping World by 71.8% in the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after buying an additional 1,202,258 shares during the last quarter. Finally, Capital Research Global Investors boosted its holdings in shares of Camping World by 39.8% in the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock valued at $72,151,000 after acquiring an additional 975,168 shares during the period. 52.54% of the stock is 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.