Camping World Holdings, Inc. (NYSE:CWH) Given Average Rating of “Buy” by Analysts

Camping World Holdings, Inc. (NYSE:CWH) has earned an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $25.43.

CWH has been the subject of several recent analyst reports. Monness Crespi & Hardt lowered their target price on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. StockNews.com cut shares of Camping World from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Truist Financial dropped their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a report on Friday, August 2nd. KeyCorp dropped their price objective on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, Roth Mkm dropped their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, August 5th.

Hedge Funds Weigh In On Camping World

Several large investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company lifted its position in shares of Camping World by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock worth $408,000 after purchasing an additional 1,491 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Camping World during the second quarter worth about $965,000. Eminence Capital LP lifted its holdings in Camping World by 79.8% in the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after acquiring an additional 1,927,977 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in Camping World by 419.3% in the second quarter. Cubist Systematic Strategies LLC now owns 48,812 shares of the company’s stock worth $872,000 after acquiring an additional 39,412 shares during the last quarter. Finally, Point72 DIFC Ltd bought a new position in Camping World in the second quarter worth about $50,000. Institutional investors own 52.54% of the company’s stock.

Camping World Trading Up 0.1 %

Shares of Camping World stock opened at $21.94 on Friday. The company has a debt-to-equity ratio of 11.24, a current ratio of 1.19 and a quick ratio of 0.17. Camping World has a 1 year low of $16.18 and a 1 year high of $28.72. The company has a market capitalization of $1.85 billion, a P/E ratio of -548.50 and a beta of 2.54. The business has a 50 day moving average price of $20.39 and a 200 day moving average price of $22.14.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative return on equity of 9.50% and a negative net margin of 0.22%. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same quarter in the prior year, the firm earned $0.60 earnings per share. The company’s revenue for the quarter was down 5.3% on a year-over-year basis. Sell-side analysts anticipate that Camping World will post 0.79 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.28%. Camping World’s payout ratio is -1,250.00%.

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.