Camping World (NYSE:CWH) Receives Buy Rating from Roth Mkm

Roth Mkm restated their buy rating on shares of Camping World (NYSE:CWH) in a report released on Wednesday morning, Benzinga reports. Roth Mkm currently has a $28.00 target price on the stock, up from their prior target price of $26.00.

Several other research analysts also recently weighed in on the company. Monness Crespi & Hardt upped their target price on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Truist Financial upped their target price on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, September 20th. KeyCorp raised their target price on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 price objective (down from $25.00) on shares of Camping World in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

Camping World Price Performance

Shares of NYSE CWH opened at $22.72 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08. The business’s 50 day moving average price is $22.79 and its 200 day moving average price is $21.15. Camping World has a 52 week low of $16.18 and a 52 week high of $28.72. The firm has a market cap of $1.92 billion, a P/E ratio of -568.25 and a beta of 2.47.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period last year, the business earned $0.60 earnings per share. On average, sell-side analysts expect that Camping World will post -0.6 earnings per share for the current year.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio (DPR) is currently -1,250.00%.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

Several hedge funds have recently added to or reduced their stakes in the stock. Eminence Capital LP grew its holdings in shares of Camping World by 79.8% during the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares during the last quarter. Interval Partners LP raised its holdings in Camping World by 98.9% during the first quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock worth $55,749,000 after purchasing an additional 995,096 shares in the last quarter. Capital Research Global Investors lifted its position in Camping World by 31.2% in the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock valued at $60,129,000 after purchasing an additional 513,320 shares during the period. Castleark Management LLC acquired a new position in Camping World during the 1st quarter worth approximately $5,028,000. Finally, SG Capital Management LLC purchased a new position in shares of Camping World during the 1st quarter worth approximately $3,889,000. 52.54% of the stock is currently 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.