Camping World’s (CWH) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of Camping World (NYSE:CWH) in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a $24.00 price target on the stock, down from their previous price target of $25.00.

Several other research firms also recently weighed in on CWH. Roth Mkm dropped their target price on shares of 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 target price on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. KeyCorp dropped their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Finally, Monness Crespi & Hardt lifted their target price on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.29.

Camping World Stock Performance

Shares of CWH stock opened at $21.16 on Monday. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The business’s fifty day simple moving average is $22.70 and its 200-day simple moving average is $21.25. 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 company has a market cap of $1.79 billion, a PE ratio of -529.00 and a beta of 2.47.

Camping World (NYSE:CWH) last announced 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 business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The company’s quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.60 earnings per share. Analysts expect that Camping World will post -0.6 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio is currently -1,250.00%.

Insiders Place Their Bets

In related news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $22.84, for a total value of $2,855,000.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Moors & Cabot Inc. increased its stake in shares of Camping World by 2.9% in the 2nd quarter. Moors & Cabot Inc. now owns 19,065 shares of the company’s stock valued at $340,000 after purchasing an additional 531 shares in the last quarter. Creative Planning grew its holdings in Camping World by 8.7% in the third quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after purchasing an additional 892 shares during the period. Commonwealth Equity Services LLC raised its stake in shares of Camping World by 4.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock worth $885,000 after buying an additional 1,323 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Camping World by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock valued at $545,000 after buying an additional 1,477 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Camping World by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after acquiring an additional 1,491 shares during the period. 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.