Camping World (NYSE:CWH) had its price target upped by analysts at Bank of America from $48.00 to $49.00 in a research note issued to investors on Tuesday, November 14th. The brokerage presently has a “buy” rating on the stock. Bank of America’s target price would indicate a potential upside of 7.34% from the company’s current price.
CWH has been the topic of a number of other reports. Robert W. Baird restated a “buy” rating and issued a $40.00 price target on shares of Camping World in a report on Friday, October 27th. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $48.00 price objective (up from $37.00) on shares of Camping World in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Camping World from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $47.00 price objective (up from $40.00) on shares of Camping World in a research note on Tuesday, October 24th. Finally, KeyCorp reissued an “overweight” rating and set a $42.00 price target on shares of Camping World in a research report on Wednesday, August 30th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $44.11.
Camping World (NYSE:CWH) traded down $0.71 during mid-day trading on Tuesday, reaching $45.65. 577,063 shares of the company’s stock were exchanged, compared to its average volume of 766,900. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.29 and a quick ratio of 0.29. Camping World has a fifty-two week low of $26.30 and a fifty-two week high of $47.35. The company has a market capitalization of $3,988.12, a PE ratio of 21.43, a price-to-earnings-growth ratio of 1.20 and a beta of 3.97.
In other news, CEO Marcus Lemonis sold 700,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $40.50, for a total transaction of $28,350,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brent L. Moody sold 21,464 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $38.44, for a total transaction of $825,076.16. Following the sale, the insider now directly owns 81,464 shares in the company, valued at approximately $3,131,476.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,239,274 shares of company stock worth $332,471,945. 66.60% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Legal & General Group Plc grew its stake in shares of Camping World by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares during the period. Meeder Asset Management Inc. acquired a new stake in Camping World in the 2nd quarter valued at $111,000. Sawgrass Asset Management LLC acquired a new stake in Camping World in the 3rd quarter valued at $203,000. Affinity Investment Advisors LLC acquired a new stake in Camping World in the 2nd quarter valued at $208,000. Finally, American International Group Inc. acquired a new stake in Camping World in the 1st quarter valued at $233,000. 34.01% of the stock is currently owned by institutional investors and hedge funds.
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About Camping World
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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