Camping World (NYSE:CWH) Stock Price Expected to Rise, KeyCorp Analyst Says

Camping World (NYSE:CWH) had its target price upped by KeyCorp from $25.00 to $27.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts also recently issued research reports about the stock. Monness Crespi & Hardt upped their price target on shares of Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Roth Mkm decreased their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Wednesday. Truist Financial upped their price objective on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 target price (down from $25.00) on shares of Camping World in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Stock Performance

NYSE:CWH opened at $20.22 on Wednesday. The business’s fifty day moving average price is $22.83 and its 200 day moving average price is $21.15. The firm has a market capitalization of $1.71 billion, a PE ratio of -29.30 and a beta of 2.47. Camping World has a 12 month low of $17.29 and a 12 month high of $28.72. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. Camping World’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. On average, sell-side analysts anticipate that Camping World will post -0.6 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were given 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 currently -72.46%.

Insider Transactions at Camping World

In other news, CEO Marcus Lemonis sold 125,000 shares of the 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 sale, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted 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 valued at $105,966,000 after purchasing an additional 122,856 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Camping World by 4.3% during the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after buying an additional 1,323 shares during the period. Diversify Advisory Services LLC acquired a new stake in Camping World during the first quarter worth approximately $353,000. Coronation Fund Managers Ltd. grew its stake in Camping World by 64.5% in the 1st quarter. Coronation Fund Managers Ltd. now owns 160,159 shares of the company’s stock worth $4,460,000 after acquiring an additional 62,772 shares during the period. Finally, Insight Advisors LLC PA raised its holdings in Camping World by 4.0% in the 1st quarter. Insight Advisors LLC PA now owns 93,271 shares of the company’s stock valued at $2,598,000 after acquiring an additional 3,588 shares during the last quarter. 52.54% of the stock is currently 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.