Camping World Holdings, Inc. (NYSE:CWH) Receives $27.83 Average Target Price from Analysts

Shares of Camping World Holdings, Inc. (NYSE:CWH) have been assigned an average rating of “Buy” from the six research firms that are covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $27.83.

CWH has been the subject of several recent analyst reports. KeyCorp dropped their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Monness Crespi & Hardt lifted their price target on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Truist Financial increased their target price on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Roth Mkm decreased their price target on Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, August 5th.

Camping World Stock Down 2.1 %

Shares of NYSE:CWH opened at $23.12 on Monday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -578.00 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The stock has a fifty day simple moving average of $22.60 and a two-hundred day simple moving average of $21.32.

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

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were given a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.16%. Camping World’s dividend payout ratio (DPR) is -1,250.00%.

Insider Transactions at Camping World

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

Hedge Funds Weigh In On Camping World

Several large investors have recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in Camping World during the 2nd quarter worth approximately $50,000. Russell Investments Group Ltd. boosted its stake in shares of Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after buying an additional 3,897 shares during the period. nVerses Capital LLC acquired a new position in shares of Camping World in the third quarter valued at approximately $191,000. Telos Capital Management Inc. acquired a new position in Camping World in the 2nd quarter valued at $196,000. Finally, ProShare Advisors LLC purchased a new position in Camping World during the first quarter worth about $209,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.