Bank of America Corporation Increases Camping World Holdings Inc. (CWH) Price Target to $49.00

Camping World Holdings Inc. (NYSE:CWH) had its target price upped by Bank of America Corporation from $48.00 to $49.00 in a report published on Tuesday morning. They currently have a buy rating on the stock.

Several other research firms have also recently weighed in on CWH. Wells Fargo & Company restated an outperform rating and issued a $48.00 price target (up previously from $37.00) on shares of Camping World Holdings in a research note on Tuesday, November 7th. They noted that the move was a valuation call. Credit Suisse Group reiterated an outperform rating and set a $45.00 price objective (up previously from $43.00) on shares of Camping World Holdings in a research report on Tuesday, October 31st. Monness Crespi & Hardt reiterated a buy rating and set a $47.00 price objective (up previously from $40.00) on shares of Camping World Holdings in a research report on Tuesday, October 24th. Zacks Investment Research cut Camping World Holdings from a buy rating to a hold rating in a research report on Monday, October 16th. Finally, Stephens upped their price objective on Camping World Holdings from $44.00 to $50.00 and gave the company an overweight rating in a research report on Monday, October 30th. Thirteen equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $44.11.

Camping World Holdings (NYSE:CWH) opened at $42.50 on Tuesday. Camping World Holdings has a one year low of $23.49 and a one year high of $45.84. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.74. The firm has a market capitalization of $3,628.89 and a price-to-earnings ratio of 19.50.

Camping World Holdings (NYSE:CWH) last posted its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.11. Camping World Holdings had a return on equity of 116.85% and a net margin of 1.20%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. research analysts expect that Camping World Holdings will post 2.29 EPS for the current fiscal year.

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In other news, Director Crestview Partners Ii Gp, L.P. sold 6,000,000 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $40.50, for a total value of $243,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Roger L. Nuttall sold 67,146 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $38.55, for a total value of $2,588,478.30. Following the completion of the transaction, the insider now directly owns 79,259 shares of the company’s stock, valued at approximately $3,055,434.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,239,274 shares of company stock valued at $332,471,945. Corporate insiders own 66.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Camping World Holdings by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after acquiring an additional 211 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of Camping World Holdings by 4.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,680 shares of the company’s stock worth $360,000 after buying an additional 463 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Camping World Holdings by 17.4% in the second quarter. Rhumbline Advisers now owns 14,443 shares of the company’s stock worth $446,000 after buying an additional 2,145 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Camping World Holdings by 20.4% in the second quarter. New York State Common Retirement Fund now owns 13,000 shares of the company’s stock worth $401,000 after buying an additional 2,199 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Camping World Holdings by 0.9% in the third quarter. Ameriprise Financial Inc. now owns 269,493 shares of the company’s stock worth $10,980,000 after buying an additional 2,362 shares in the last quarter. 31.38% of the stock is owned by hedge funds and other institutional investors.

Camping World Holdings Company Profile

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.

Analyst Recommendations for Camping World Holdings (NYSE:CWH)

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