Citigroup Issues Positive Forecast for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH) had its target price hoisted by Citigroup from $21.00 to $22.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Citigroup currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on CWH. Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. KeyCorp raised their price target on shares of Camping World from $18.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, August 14th. Truist Financial raised their price target on shares of Camping World from $16.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, June 3rd. Finally, Raymond James Financial reduced their price target on shares of Camping World from $20.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

Camping World Price Performance

CWH stock opened at $16.51 on Friday. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.12. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The firm has a market cap of $1.69 billion, a P/E ratio of -82.52 and a beta of 1.92. The company’s 50-day moving average price is $16.92 and its two-hundred day moving average price is $16.39.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The company had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the business posted $0.38 earnings per share. The company’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 15th will be given a $0.125 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.0%. Camping World’s payout ratio is -250.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC acquired a new position in shares of Camping World in the 1st quarter worth approximately $44,000. US Bancorp DE bought a new position in Camping World during the first quarter valued at about $72,000. Ameritas Investment Partners Inc. grew its position in Camping World by 11.0% during the second quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock valued at $106,000 after buying an additional 608 shares during the period. CWM LLC lifted its holdings in Camping World by 1,060.1% during the first quarter. CWM LLC now owns 7,645 shares of the company’s stock valued at $124,000 after purchasing an additional 6,986 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Camping World by 117.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock valued at $153,000 after purchasing an additional 4,789 shares during the last quarter. 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.