Camping World (NYSE:CWH) Price Target Cut to $18.00 by Analysts at KeyCorp

Camping World (NYSE:CWH) had its price objective trimmed by KeyCorp from $21.00 to $18.00 in a research note issued to investors on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research analysts have also issued reports on CWH. Citigroup boosted their price target on shares of Camping World from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. BMO Capital Markets reiterated an “outperform” rating and set a $22.00 price target on shares of Camping World in a research note on Thursday. Weiss Ratings reiterated a “sell (d+)” rating on shares of Camping World in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Camping World from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Raymond James Financial lowered their target price on shares of Camping World from $20.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, July 31st. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.44.

Camping World Price Performance

Shares of NYSE:CWH opened at $12.47 on Thursday. The company has a 50-day simple moving average of $16.40 and a 200-day simple moving average of $16.38. Camping World has a one year low of $11.17 and a one year high of $25.97. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -13.41 and a beta of 1.94.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, October 28th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.79%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The business’s revenue was up 4.7% compared to the same quarter last year. On average, analysts predict that Camping World will post -0.66 EPS for the current year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 15th were given a $0.125 dividend. The ex-dividend date was Monday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 4.0%. Camping World’s dividend payout ratio is currently -53.76%.

Institutional Trading of Camping World

Several large investors have recently modified their holdings of CWH. US Bancorp DE acquired a new stake in shares of Camping World in the first quarter valued at approximately $72,000. Ameritas Investment Partners Inc. grew its position in shares of Camping World by 11.0% in the second quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock valued at $106,000 after purchasing an additional 608 shares during the last quarter. CWM LLC grew its position in shares of Camping World by 1,060.1% in the first quarter. CWM LLC now owns 7,645 shares of the company’s stock valued at $124,000 after purchasing an additional 6,986 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Camping World by 117.1% in the second quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock valued at $153,000 after purchasing an additional 4,789 shares during the last quarter. Finally, Corient IA LLC acquired a new stake in shares of Camping World in the first quarter valued at approximately $162,000. 52.54% of the stock is currently 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.