Camping World (NYSE:CWH) Price Target Lowered to $19.00 at JPMorgan Chase & Co.

Camping World (NYSE:CWH) had its price objective cut by JPMorgan Chase & Co. from $22.00 to $19.00 in a report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts have also recently commented on CWH. Loop Capital started coverage on Camping World in a research report on Friday. They issued a “buy” rating and a $17.00 price objective for the company. BMO Capital Markets reissued an “outperform” rating and set a $22.00 target price on shares of Camping World in a report on Thursday. Zacks Research raised Camping World from a “strong sell” rating to a “hold” rating in a report on Friday, September 5th. Citigroup reduced their target price on Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a report on Friday. Finally, Raymond James Financial cut their price target on Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Camping World has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

Camping World Stock Performance

Shares of CWH stock opened at $12.93 on Monday. The stock has a market cap of $1.32 billion, a PE ratio of -13.90 and a beta of 1.92. The business has a 50-day simple moving average of $16.22 and a 200-day simple moving average of $16.46. 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 52-week low of $11.17 and a 52-week high of $25.97.

Camping World (NYSE:CWH) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. Camping World had a positive return on equity of 3.79% and a negative net margin of 0.85%.Camping World’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. On average, equities analysts expect that Camping World will post -0.66 EPS for the current year.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were given a $0.125 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.50 dividend on an annualized basis and a yield of 3.9%. Camping World’s payout ratio is currently -53.76%.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Camping World by 4.3% in the first quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock valued at $97,521,000 after purchasing an additional 247,134 shares during the period. Eminence Capital LP raised its position in Camping World by 123.3% in the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after purchasing an additional 2,283,331 shares during the period. Balyasny Asset Management L.P. raised its position in Camping World by 18.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after purchasing an additional 490,245 shares during the period. Crestview Partners II GP L.P. raised its position in Camping World by 0.4% in the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock valued at $33,026,000 after purchasing an additional 6,913 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Camping World by 8.2% in the second quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock valued at $24,563,000 after purchasing an additional 108,565 shares during the period. Hedge funds and other 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.