Camping World (NYSE:CWH) PT Lowered to $24.00 at Monness Crespi & Hardt

Camping World (NYSE:CWH) had its price target trimmed by Monness Crespi & Hardt from $29.00 to $24.00 in a research report report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

CWH has been the topic of several other reports. Truist Financial cut their target price on Camping World from $30.00 to $28.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Roth Mkm reissued a buy rating and issued a $28.00 price objective (down from $30.00) on shares of Camping World in a report on Friday, May 3rd. StockNews.com downgraded Camping World from a hold rating to a sell rating in a report on Friday, May 10th. Finally, KeyCorp cut their price target on shares of Camping World from $30.00 to $26.00 and set an overweight rating on the stock in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Camping World has an average rating of Moderate Buy and an average target price of $29.10.

Camping World Price Performance

Shares of NYSE CWH opened at $17.85 on Wednesday. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $32.88. The company has a market cap of $1.51 billion, a PE ratio of -446.14 and a beta of 2.57. The company has a debt-to-equity ratio of 11.24, a quick ratio of 0.17 and a current ratio of 1.19. The business has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $23.73.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, May 1st. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.45) by ($0.01). Camping World had a negative return on equity of 2.39% and a net margin of 0.09%. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.43 billion. As a group, equities analysts expect that Camping World will post 0.83 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend was Thursday, June 13th. Camping World’s dividend payout ratio (DPR) is -1,249.69%.

Institutional Trading of Camping World

A number of hedge funds have recently added to or reduced their stakes in CWH. ICA Group Wealth Management LLC acquired a new position in shares of Camping World in the fourth quarter worth about $35,000. Russell Investments Group Ltd. boosted 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 worth $110,000 after purchasing an additional 3,897 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Camping World in the fourth quarter valued at approximately $172,000. SG Americas Securities LLC purchased a new stake in shares of Camping World in the fourth quarter valued at approximately $207,000. Finally, ProShare Advisors LLC acquired a new position in shares of Camping World during the 1st quarter worth approximately $209,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.