JPMorgan Chase & Co. Cuts Camping World (NYSE:CWH) Price Target to $19.00

Camping World (NYSE:CWH) had its price objective cut by JPMorgan Chase & Co. from $22.00 to $19.00 in a research report released on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities analysts have also recently commented on CWH. Loop Capital initiated coverage on shares of Camping World in a research report on Friday, October 31st. They set a “buy” rating and a $17.00 target price on the stock. BMO Capital Markets restated an “outperform” rating and set a $22.00 price target on shares of Camping World in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Camping World in a research report on Wednesday, October 8th. Raymond James Financial lowered their price target on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Finally, Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and an average target price of $19.40.

Camping World Stock Performance

Shares of Camping World stock opened at $12.53 on Monday. The company has a quick ratio of 0.24, a current ratio of 1.26 and a debt-to-equity ratio of 3.29. The company’s fifty day moving average is $16.00 and its 200 day moving average is $16.43. Camping World has a twelve month low of $11.17 and a twelve month high of $25.97. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of -13.47 and a beta of 1.91.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.75 billion. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The business’s revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. Sell-side analysts forecast that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

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

Institutional Investors Weigh In On Camping World

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Wyoming bought a new stake in Camping World during the 3rd quarter valued at about $43,000. US Bancorp DE bought a new position in shares of Camping World during the 1st quarter worth approximately $72,000. Ameritas Investment Partners Inc. grew its position in Camping World by 11.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock worth $106,000 after purchasing an additional 608 shares during the last quarter. CWM LLC grew its position in Camping World by 1,060.1% during the 1st quarter. CWM LLC now owns 7,645 shares of the company’s stock worth $124,000 after purchasing an additional 6,986 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its holdings in Camping World by 117.1% during the second quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company’s stock worth $153,000 after buying an additional 4,789 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

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.