Camping World Holdings, Inc. (NYSE:CWH) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Camping World Holdings, Inc. (NYSE:CWH) have been assigned an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.63.

CWH has been the topic of a number of recent analyst reports. Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Truist Financial reduced their target price on Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Robert W. Baird lowered their price target on Camping World from $18.00 to $15.00 and set a “neutral” rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Camping World from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Finally, Monness Crespi & Hardt decreased their target price on shares of Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st.

Camping World Stock Performance

NYSE CWH opened at $13.88 on Friday. The stock has a market cap of $1.42 billion, a price-to-earnings ratio of -20.11, a price-to-earnings-growth ratio of 0.92 and a beta of 2.13. The business has a fifty day moving average of $15.02 and a 200-day moving average of $19.89. Camping World has a fifty-two week low of $11.17 and a fifty-two week high of $25.97. 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 released its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company earned ($0.40) EPS. The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 annualized dividend and a yield of 3.60%. Camping World’s payout ratio is -108.70%.

Insiders Place Their Bets

In other news, President Matthew D. Wagner purchased 5,725 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the purchase, the president now directly owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 35.60% of the stock is owned by insiders.

Institutional Trading of Camping World

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Camping World by 39.2% in the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock valued at $122,003,000 after purchasing an additional 1,630,307 shares in the last quarter. Eminence Capital LP raised its stake in Camping World by 6.9% during the fourth quarter. Eminence Capital LP now owns 4,110,205 shares of the company’s stock valued at $86,643,000 after buying an additional 264,935 shares in the last quarter. Capital Research Global Investors lifted its holdings in Camping World by 39.8% during the 4th quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock worth $72,151,000 after buying an additional 975,168 shares during the last quarter. Hood River Capital Management LLC acquired a new position in shares of Camping World in the 4th quarter worth approximately $62,142,000. Finally, Interval Partners LP increased its holdings in shares of Camping World by 71.8% in the 4th quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after acquiring an additional 1,202,258 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.