Robert W. Baird Reaffirms “Neutral” Rating for Camping World (NYSE:CWH)

Robert W. Baird reissued their neutral rating on shares of Camping World (NYSE:CWH) in a research note released on Friday, MarketBeat reports. Robert W. Baird currently has a $18.00 price target on the stock, down from their previous price target of $28.00.

CWH has been the subject of several other reports. Truist Financial upped their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. KeyCorp dropped their price target on shares of Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Bank of America began coverage on shares of Camping World in a research report on Thursday, December 19th. They set a “buy” rating and a $30.00 price objective for the company. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $25.88.

Camping World Stock Down 8.2 %

CWH stock opened at $12.90 on Friday. The company’s 50 day moving average price is $19.54 and its 200 day moving average price is $21.69. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -18.69, a PEG ratio of 0.92 and a beta of 2.32. Camping World has a fifty-two week low of $12.08 and a fifty-two week high of $26.33. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

Camping World (NYSE:CWH) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.55). The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. On average, equities research analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 annualized dividend and a yield of 3.88%. Camping World’s dividend payout ratio (DPR) is -65.79%.

Insiders Place Their Bets

In related news, President Matthew D. Wagner purchased 5,725 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $17.61 per share, with a total value of $100,817.25. Following the completion of the acquisition, the president now directly owns 300,640 shares in the company, valued at $5,294,270.40. This represents a 1.94 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 43.80% of the stock is currently owned by insiders.

Institutional Trading of Camping World

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hood River Capital Management LLC purchased a new stake in shares of Camping World during the fourth quarter worth approximately $62,142,000. Vanguard Group Inc. increased its stake in Camping World by 39.2% in the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock valued at $122,003,000 after buying an additional 1,630,307 shares during the period. Alyeska Investment Group L.P. purchased a new position in Camping World during the 4th quarter worth $33,698,000. Interval Partners LP boosted its holdings in shares of Camping World by 71.8% in the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock valued at $60,623,000 after acquiring an additional 1,202,258 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in Camping World by 39.8% during the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock worth $72,151,000 after purchasing an additional 975,168 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.