Brokerages Set Camping World (NYSE:CWH) Price Target at $18.90

by · The Cerbat Gem

Camping World (NYSE:CWH – Get Free Report) has earned an average rating of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.90.

Several equities research analysts have weighed in on CWH shares. Truist Financial lowered their price target on Camping World from $20.00 to $15.00 and set a “buy” rating for the company in a report on Monday, November 10th. Zacks Research upgraded shares of Camping World from a “strong sell” rating to a “hold” rating in a research note on Friday, September 5th. Raymond James Financial dropped their target price on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Loop Capital started coverage on shares of Camping World in a research note on Friday, October 31st. They set a “buy” rating and a $17.00 price target on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $22.00 price objective on shares of Camping World in a research note on Thursday, October 30th.

Check Out Our Latest Stock Analysis on CWH

Camping World Price Performance

NYSE CWH opened at $10.01 on Friday. The firm’s fifty day simple moving average is $12.59 and its two-hundred day simple moving average is $15.64. The firm has a market capitalization of $1.02 billion, a P/E ratio of -10.76 and a beta of 1.95. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29. Camping World has a 12-month low of $9.49 and a 12-month high of $24.36.

Camping World (NYSE:CWH – Get Free Report) last posted its quarterly earnings data 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. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.75 billion. During the same quarter last year, the firm earned $0.17 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. Analysts forecast that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.50 dividend on an annualized basis and a yield of 5.0%. Camping World’s payout ratio is currently -53.76%.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Camping World by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock valued at $97,521,000 after acquiring an additional 247,134 shares during the period. Eminence Capital LP raised its holdings in shares of Camping World by 123.3% during the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock worth $71,076,000 after purchasing an additional 2,283,331 shares during the last quarter. Capital Research Global Investors lifted its position in Camping World by 15.5% during the third quarter. Capital Research Global Investors now owns 3,715,646 shares of the company’s stock valued at $58,670,000 after purchasing an additional 499,999 shares during the period. Balyasny Asset Management L.P. lifted its position in Camping World by 18.0% during the second quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after purchasing an additional 490,245 shares during the period. Finally, Crestview Partners II GP L.P. boosted its holdings in Camping World by 0.4% in the second quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock valued at $33,026,000 after purchasing an additional 6,913 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

(Get Free Report)

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.

Featured Stories