Roth Mkm Reaffirms “Buy” Rating for Camping World (NYSE:CWH)

Roth Mkm reiterated their buy rating on shares of Camping World (NYSE:CWH) in a research report sent to investors on Friday morning, Benzinga reports. Roth Mkm currently has a $28.00 price objective on the stock, down from their prior price objective of $30.00.

Several other research firms have also recently commented on CWH. Truist Financial cut their price target on Camping World from $30.00 to $28.00 and set a buy rating on the stock in a research note on Friday. Citigroup increased their target price on Camping World from $26.00 to $30.00 and gave the company a buy rating in a research note on Tuesday, January 23rd. KeyCorp increased their price objective on shares of Camping World from $25.00 to $30.00 and gave the company an overweight rating in a research note on Friday, January 12th. StockNews.com raised shares of Camping World from a sell rating to a hold rating in a research report on Thursday. Finally, Stephens reaffirmed an overweight rating and set a $28.00 price target (up previously from $26.00) on shares of Camping World in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Camping World currently has an average rating of Moderate Buy and a consensus target price of $30.20.

Camping World Stock Down 0.1 %

NYSE CWH opened at $20.10 on Friday. The stock has a market cap of $1.70 billion, a PE ratio of -502.37 and a beta of 2.67. The business has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $23.88. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $32.88. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55.

Camping World (NYSE:CWH) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the business earned ($0.33) EPS. The business’s revenue was down 13.4% on a year-over-year basis. As a group, sell-side analysts predict that Camping World will post 1.06 EPS for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio (DPR) is -1,249.69%.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the sale, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at $10,387,018.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CWH. Eminence Capital LP bought a new stake in shares of Camping World during the fourth quarter valued at approximately $37,451,000. Wealth Enhancement Advisory Services LLC acquired a new stake in Camping World in the 1st quarter valued at approximately $9,403,000. Campbell & CO Investment Adviser LLC bought a new stake in Camping World during the 3rd quarter valued at $3,777,000. FMR LLC boosted its position in Camping World by 9.5% during the 3rd quarter. FMR LLC now owns 1,941,972 shares of the company’s stock worth $39,636,000 after acquiring an additional 169,117 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in shares of Camping World by 479.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 172,618 shares of the company’s stock worth $4,533,000 after purchasing an additional 142,846 shares in the last quarter. Institutional investors 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.