Camping World (NYSE:CWH) Given New $28.00 Price Target at Truist Financial

Camping World (NYSE:CWH) had its target price boosted by stock analysts at Truist Financial from $26.00 to $28.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s target price points to a potential upside of 14.99% from the stock’s previous close.

CWH has been the subject of a number of other reports. Monness Crespi & Hardt decreased their price objective on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Roth Mkm reduced their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, KeyCorp lowered their price objective on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.71.

Camping World Stock Performance

Shares of CWH stock opened at $24.35 on Friday. The firm has a market cap of $2.06 billion, a P/E ratio of -608.75 and a beta of 2.47. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.19 and a quick ratio of 0.19. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $28.72. The stock’s 50-day moving average is $21.70 and its two-hundred day moving average is $21.77.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 EPS. Analysts predict that Camping World will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 43.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camping World

Several hedge funds and other institutional investors have recently modified their holdings of CWH. Charles Schwab Investment Management Inc. raised its stake in Camping World by 6.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,349 shares of the company’s stock valued at $13,087,000 after purchasing an additional 28,569 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Camping World during the 4th quarter worth about $172,000. Eminence Capital LP acquired a new position in shares of Camping World during the fourth quarter valued at about $37,451,000. ICA Group Wealth Management LLC acquired a new position in shares of Camping World during the fourth quarter valued at about $35,000. Finally, Vanguard Group Inc. lifted its stake in shares of Camping World by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock valued at $105,966,000 after buying an additional 122,856 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.