Camping World (NYSE:CWH) Receives $22.44 Average PT from Brokerages

Shares of Camping World (NYSE:CWH) have received an average rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $22.44.

Several research analysts have recently commented on CWH shares. JPMorgan Chase & Co. raised Camping World from a “neutral” rating to an “overweight” rating and reduced their price target for the stock from $23.00 to $21.00 in a research report on Thursday, May 1st. Baird R W downgraded shares of Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. KeyCorp reiterated an “overweight” rating and set a $18.00 price objective (up previously from $16.00) on shares of Camping World in a research note on Friday, May 23rd. Citigroup reiterated a “buy” rating and set a $23.00 price objective (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Finally, Truist Financial upped their price target on Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd.

Camping World Stock Performance

Shares of NYSE:CWH opened at $18.42 on Friday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -40.03 and a beta of 1.88. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97. The company has a quick ratio of 0.19, a current ratio of 1.26 and a debt-to-equity ratio of 3.53. The firm has a 50 day moving average of $16.22 and a 200 day moving average of $18.35.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.07. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Camping World had a negative net margin of 0.47% and a negative return on equity of 8.66%. Camping World’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.40) earnings per share. On average, sell-side analysts predict that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 13th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.72%. Camping World’s payout ratio is -108.70%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Hood River Capital Management LLC acquired a new position in shares of Camping World in the 4th quarter valued at $62,142,000. Vanguard Group Inc. increased its holdings in shares of Camping World by 39.2% in the fourth 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 during the period. Alyeska Investment Group L.P. acquired a new position in shares of Camping World in the fourth quarter valued at about $33,698,000. Interval Partners LP increased its holdings in shares of Camping World by 71.8% in the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after purchasing an additional 1,202,258 shares during the period. Finally, Capital Research Global Investors increased its holdings in shares of Camping World by 39.8% in the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock valued at $72,151,000 after purchasing an additional 975,168 shares during the period. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.