Camping World (NYSE:CWH) Receives Average Rating of “Moderate Buy” from Brokerages

Camping World (NYSE:CWH) has been given a consensus rating of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $21.7778.

CWH has been the subject of several research reports. Truist Financial increased their price objective on shares of Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. Raymond James Financial cut their target price on shares of Camping World from $20.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, July 31st. KeyCorp raised their target price on shares of Camping World from $18.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, August 14th. Finally, Citigroup reaffirmed a “buy” rating and set a $23.00 price target (up from $21.00) on shares of Camping World in a research report on Monday, June 16th.

Camping World Trading Down 0.8%

Shares of NYSE CWH opened at $17.77 on Thursday. Camping World has a fifty-two week low of $11.17 and a fifty-two week high of $25.97. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. The firm has a market capitalization of $1.81 billion, a P/E ratio of -88.82 and a beta of 1.92. The company’s 50 day simple moving average is $17.22 and its 200 day simple moving average is $16.52.

Camping World (NYSE:CWH) last issued its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company posted $0.38 EPS. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts predict that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. Camping World’s payout ratio is -250.00%.

Institutional Investors Weigh In On Camping World

Hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. lifted its position in shares of Camping World by 11.0% in 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 period. Police & Firemen s Retirement System of New Jersey increased its stake in Camping World by 6.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,776 shares of the company’s stock valued at $220,000 after purchasing an additional 812 shares in the last quarter. Pingora Partners LLC increased its stake in Camping World by 2.6% during the 2nd quarter. Pingora Partners LLC now owns 33,400 shares of the company’s stock valued at $574,000 after purchasing an additional 850 shares in the last quarter. World Investment Advisors grew its stake in shares of Camping World by 9.2% in the 2nd quarter. World Investment Advisors now owns 12,415 shares of the company’s stock worth $213,000 after acquiring an additional 1,043 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Camping World by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company’s stock worth $539,000 after acquiring an additional 1,401 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.