Camping World (NYSE:CWH) PT Lowered to $28.00

Camping World (NYSE:CWH) had its target price cut by equities researchers at Truist Financial from $30.00 to $28.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 39.30% from the stock’s current price.

A number of other brokerages also recently issued reports on CWH. Stephens reiterated an “overweight” rating and issued a $28.00 price target (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. StockNews.com upgraded shares of Camping World from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup boosted their target price on shares of Camping World from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, KeyCorp boosted their target price on shares of Camping World from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, January 12th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $30.20.

Camping World Stock Performance

Shares of NYSE CWH opened at $20.10 on Friday. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. The company has a market cap of $1.70 billion, a P/E ratio of -502.37 and a beta of 2.67. The firm’s fifty day moving average is $24.89 and its two-hundred day moving average is $23.83. Camping World has a 52-week low of $16.18 and a 52-week high of $32.88.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.06. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. Camping World’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.33) EPS. As a group, analysts anticipate that Camping World will post 1.06 EPS for the current fiscal year.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.63, for a total value of $2,563,000.00. Following the completion of the sale, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at approximately $10,387,018.84. The transaction was disclosed in a filing with the SEC, which is available through this link. 43.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Camping World

Several large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its position in Camping World by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 26,808 shares of the company’s stock valued at $547,000 after buying an additional 646 shares during the period. Swiss National Bank boosted its stake in shares of Camping World by 1.0% during the third quarter. Swiss National Bank now owns 92,800 shares of the company’s stock valued at $1,894,000 after purchasing an additional 900 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Camping World by 13.5% during the third quarter. Moors & Cabot Inc. now owns 9,802 shares of the company’s stock valued at $200,000 after purchasing an additional 1,164 shares in the last quarter. Rafferty Asset Management LLC raised its stake in Camping World by 6.6% in the third quarter. Rafferty Asset Management LLC now owns 20,562 shares of the company’s stock worth $420,000 after buying an additional 1,279 shares in the last quarter. Finally, Kendall Capital Management lifted its holdings in Camping World by 13.6% during the third quarter. Kendall Capital Management now owns 10,685 shares of the company’s stock worth $218,000 after buying an additional 1,280 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.