Monness Crespi & Hardt Boosts Camping World (NYSE:CWH) Price Target to $30.00

Camping World (NYSE:CWH) had its price objective lifted by research analysts at Monness Crespi & Hardt from $24.00 to $30.00 in a research note issued on Friday, Marketbeat.com reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective would indicate a potential upside of 22.30% from the stock’s previous close.

Several other equities research analysts have also issued reports on CWH. Truist Financial upped their price target on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. KeyCorp reduced their price target on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, August 2nd. Finally, Roth Mkm reduced their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.57.

Camping World Stock Performance

Camping World stock opened at $24.53 on Friday. The stock’s 50 day moving average price is $21.91 and its 200 day moving average price is $21.70. The firm has a market capitalization of $2.07 billion, a PE ratio of -613.25 and a beta of 2.47. Camping World has a one year low of $16.18 and a one year high of $28.72. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter last year, the company earned $0.60 earnings per share. The company’s revenue was down 5.3% compared to the same quarter last year. As a group, sell-side analysts expect that Camping World will post -0.6 EPS for the current fiscal year.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the firm’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 transaction of $2,855,000.00. Following the transaction, the chief executive officer now owns 155,268 shares in the company, valued at $3,546,321.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CWH. Point72 DIFC Ltd bought a new position in Camping World during the second quarter valued at about $50,000. Coronation Fund Managers Ltd. boosted its position in shares of Camping World by 42.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock valued at $4,084,000 after purchasing an additional 68,517 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Camping World by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after purchasing an additional 1,491 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Camping World in the 2nd quarter worth approximately $965,000. Finally, Eminence Capital LP raised its holdings in shares of Camping World by 79.8% in the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares in the last quarter. 52.54% of the stock is owned by 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.