Camping World (NYSE:CWH) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Camping World (NYSE:CWH) in a research note released on Monday morning, Benzinga reports. The firm currently has a $24.00 price target on the stock, down from their prior price target of $25.00.

CWH has been the subject of several other research reports. Monness Crespi & Hardt lifted their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. KeyCorp lowered their price target on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Truist Financial raised their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Roth Mkm lowered their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Camping World Price Performance

Shares of CWH opened at $20.82 on Monday. The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $28.72. The company has a market cap of $1.76 billion, a P/E ratio of -520.50 and a beta of 2.47. The firm’s 50 day moving average price is $22.70 and its 200 day moving average price is $21.25.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The company had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.60 EPS. On average, research analysts forecast that Camping World will post -0.6 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.40%. Camping World’s dividend payout ratio (DPR) is presently -1,250.00%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $22.84, for a total value of $2,855,000.00. Following the completion of the sale, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Camping World by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock valued at $105,966,000 after purchasing an additional 122,856 shares during the period. SG Capital Management LLC acquired a new position in Camping World in the 1st quarter valued at about $3,889,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Camping World during the 1st quarter valued at approximately $9,403,000. Capital Research Global Investors lifted its position in Camping World by 31.2% during the 1st quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after acquiring an additional 513,320 shares during the period. Finally, Coronation Fund Managers Ltd. grew its stake in shares of Camping World by 42.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock valued at $4,084,000 after purchasing an additional 68,517 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

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.