Camping World Holdings, Inc. (NYSE:CWH) Given Consensus Rating of “Moderate Buy” by Analysts

Camping World Holdings, Inc. (NYSE:CWH) has been assigned an average rating of “Moderate Buy” from the nine research firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $33.00.

A number of analysts have commented on the stock. Truist Financial decreased their price target on shares of Camping World from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Friday. Raymond James lowered shares of Camping World from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 18th. DA Davidson upgraded shares of Camping World from a “neutral” rating to a “buy” rating and upped their target price for the stock from $25.00 to $36.00 in a research note on Friday, June 30th. Northcoast Research upgraded shares of Camping World from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Tuesday, July 25th. Finally, Citigroup began coverage on shares of Camping World in a research note on Friday, September 1st. They issued a “buy” rating and a $32.00 target price for the company.

Camping World Stock Performance

Shares of CWH stock opened at $21.24 on Friday. The firm has a market capitalization of $1.78 billion, a PE ratio of 24.41 and a beta of 2.65. The firm has a fifty day simple moving average of $27.37 and a two-hundred day simple moving average of $25.42. The company has a current ratio of 1.33, a quick ratio of 0.20 and a debt-to-equity ratio of 6.36. Camping World has a 12 month low of $18.69 and a 12 month high of $32.88.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Tuesday, August 1st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.98 billion. Camping World had a net margin of 0.61% and a return on equity of 21.92%. Analysts forecast that Camping World will post 0.9 EPS for the current fiscal year.

Camping World Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, September 14th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, September 13th. This represents a $0.50 annualized dividend and a yield of 2.35%. Camping World’s payout ratio is currently 57.47%.

Hedge Funds Weigh In On Camping World

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Camping World by 2,772.8% during the fourth quarter. Bank of America Corp DE now owns 1,306,362 shares of the company’s stock valued at $29,158,000 after purchasing an additional 1,260,888 shares during the last quarter. Newport Capital Group LLC purchased a new stake in Camping World during the first quarter valued at about $13,676,000. JPMorgan Chase & Co. lifted its holdings in Camping World by 114.4% during the second quarter. JPMorgan Chase & Co. now owns 65,584 shares of the company’s stock valued at $1,416,000 after purchasing an additional 519,850 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Camping World by 522.5% during the first quarter. Two Sigma Investments LP now owns 493,990 shares of the company’s stock valued at $10,310,000 after purchasing an additional 414,639 shares during the last quarter. Finally, Great West Life Assurance Co. Can lifted its holdings in Camping World by 12,962.0% during the first quarter. Great West Life Assurance Co. Can now owns 369,786 shares of the company’s stock valued at $10,318,000 after purchasing an additional 366,955 shares during the last quarter. Institutional investors own 39.64% of the company’s stock.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services. 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.