Camping World (NYSE:CWH) Price Target Raised to $27.00

Camping World (NYSE:CWH) had its target price upped by KeyCorp from $25.00 to $27.00 in a report issued on Wednesday, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Several other analysts have also recently commented on the company. Monness Crespi & Hardt boosted their price target on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 target price (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Roth Mkm reduced their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Truist Financial boosted their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Raymond James upgraded shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Stock Performance

CWH opened at $20.22 on Wednesday. The firm’s fifty day simple moving average is $22.83 and its two-hundred day simple moving average is $21.15. Camping World has a 52-week low of $17.29 and a 52-week high of $28.72. The company has a market cap of $1.71 billion, a price-to-earnings ratio of -29.30 and a beta of 2.47. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67.

Camping World (NYSE:CWH) last posted its quarterly earnings data 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). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts anticipate that Camping World will post -0.6 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio is presently -72.46%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 43.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new stake in shares of Camping World in the 2nd quarter valued at approximately $50,000. Russell Investments Group Ltd. boosted its holdings in Camping World by 6,495.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after acquiring an additional 3,897 shares during the period. nVerses Capital LLC acquired a new position in Camping World in the 3rd quarter valued at about $191,000. Telos Capital Management Inc. purchased a new stake in Camping World during the second quarter worth about $196,000. Finally, ProShare Advisors LLC acquired a new stake in shares of Camping World during the first quarter worth about $209,000. Hedge funds and other institutional investors 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.