Camping World’s (CWH) Buy Rating Reaffirmed at Roth Mkm

Roth Mkm restated their buy rating on shares of Camping World (NYSE:CWH) in a research report report published on Wednesday, Benzinga reports. Roth Mkm currently has a $28.00 price target on the stock, up from their prior price target of $26.00.

Other analysts have also recently issued reports about the company. KeyCorp lifted their price objective on Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price objective (down from $25.00) on shares of Camping World in a research report on Monday, October 21st. Truist Financial lifted their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective on the stock in a research report on Wednesday. Finally, Monness Crespi & Hardt lifted their target price on shares of Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. One equities research 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.com, Camping World currently has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Stock Up 0.7 %

NYSE CWH opened at $20.21 on Wednesday. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The stock has a market capitalization of $1.71 billion, a PE ratio of -29.29 and a beta of 2.47. Camping World has a 1 year low of $17.29 and a 1 year high of $28.72. The business’s 50-day moving average is $22.78 and its 200 day moving average is $21.13.

Camping World (NYSE:CWH) last posted its 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 23.77% and a negative net margin of 0.40%. The firm’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 business earned $0.60 earnings per share. Sell-side analysts forecast that Camping World will post -0.6 earnings per share for the current year.

Camping World Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Marcus Lemonis sold 125,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 43.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Camping World

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Camping World by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock worth $105,966,000 after acquiring an additional 122,856 shares during the last quarter. SG Capital Management LLC purchased a new position in Camping World in the 1st quarter worth approximately $3,889,000. Capital Research Global Investors raised its holdings in Camping World by 31.2% in the 1st quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after acquiring an additional 513,320 shares during the last quarter. Coronation Fund Managers Ltd. raised its holdings in Camping World by 42.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock worth $4,084,000 after acquiring an additional 68,517 shares during the last quarter. Finally, Eminence Capital LP raised its stake in Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock valued at $77,589,000 after buying an additional 1,927,977 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.