Camping World (NYSE:CWH) Price Target Raised to $30.00 at Monness Crespi & Hardt

Camping World (NYSE:CWH) had its price objective lifted by Monness Crespi & Hardt from $24.00 to $30.00 in a report released on Friday morning, MarketBeat reports. They currently have a buy rating on the stock.

Several other research analysts have also weighed in on CWH. Roth Mkm cut their target price on Camping World from $28.00 to $26.00 and set a buy rating on the stock in a research report on Monday, August 5th. Truist Financial raised their price objective on Camping World from $26.00 to $28.00 and gave the stock a buy rating in a report on Friday, September 20th. Finally, KeyCorp decreased their target price on Camping World from $26.00 to $25.00 and set an overweight rating for the company in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, Camping World presently has an average rating of Moderate Buy and an average price target of $26.57.

Camping World Stock Down 1.3 %

Shares of NYSE:CWH opened at $24.22 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -600.75 and a beta of 2.47. The stock’s 50-day moving average price is $21.91 and its two-hundred day moving average price is $21.63. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $1.80 billion during 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%. Camping World’s revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. On average, research analysts forecast that Camping World will post -0.6 EPS for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.06%. Camping World’s payout ratio is currently -1,250.00%.

Insider Buying and Selling

In related news, CEO Marcus Lemonis sold 125,000 shares of the firm’s stock in a transaction 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 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 43.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWH. Eminence Capital LP grew its stake in Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock valued at $77,589,000 after purchasing an additional 1,927,977 shares in the last quarter. Interval Partners LP increased its stake in shares of Camping World by 98.9% in the first quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock worth $55,749,000 after buying an additional 995,096 shares during the last quarter. Capital Research Global Investors raised its holdings 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 acquiring an additional 513,320 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Camping World during the 1st quarter valued at $9,403,000. Finally, Castleark Management LLC acquired a new position in Camping World during the 1st quarter worth $5,028,000. Institutional investors and hedge funds 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.