Camping World’s (CWH) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

Camping World (NYSE:CWH)‘s stock had its “neutral” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research note issued to investors on Monday, Benzinga reports. They presently have a $24.00 target price on the stock, down from their prior target price of $25.00. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 7.14% from the company’s current price.

A number of other brokerages have also weighed in on CWH. Roth Mkm reduced their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th. KeyCorp cut their target price on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Truist Financial lifted their price target on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Finally, Monness Crespi & Hardt boosted their price objective on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.29.

Camping World Stock Performance

Shares of CWH stock opened at $22.40 on Monday. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The company has a debt-to-equity ratio of 10.08, a current ratio of 1.19 and a quick ratio of 0.19. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -560.00 and a beta of 2.47. The business has a 50 day simple moving average of $22.60 and a 200 day simple moving average of $21.32.

Camping World (NYSE:CWH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The business had revenue of $1.80 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.60 EPS. On average, equities research analysts anticipate that Camping World will post -0.6 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of Camping World stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $22.84, for a total value of $2,855,000.00. Following the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,546,321.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWH. Point72 DIFC Ltd purchased a new stake in shares of Camping World in the second quarter valued at $50,000. Russell Investments Group Ltd. raised its position in Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after buying an additional 3,897 shares during the period. nVerses Capital LLC purchased a new stake in Camping World in the 3rd quarter worth about $191,000. Telos Capital Management Inc. acquired a new stake in Camping World during the 2nd quarter worth about $196,000. Finally, ProShare Advisors LLC purchased a new position in Camping World during the 1st quarter valued at about $209,000. 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.