Camping World (NYSE:CWH) Price Target Lowered to $26.00 at KeyCorp

Camping World (NYSE:CWH) had its price objective trimmed by KeyCorp from $30.00 to $26.00 in a research note released on Friday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research firms also recently weighed in on CWH. Roth Mkm restated a buy rating and issued a $28.00 price target (down from $30.00) on shares of Camping World in a research note on Friday. Stephens reiterated an overweight rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a report on Wednesday, January 17th. Citigroup boosted their price objective on shares of Camping World from $26.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, January 23rd. StockNews.com raised shares of Camping World from a sell rating to a hold rating in a report on Thursday, May 2nd. Finally, Truist Financial lowered their price target on Camping World from $30.00 to $28.00 and set a buy rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Camping World has an average rating of Moderate Buy and a consensus price target of $30.20.

Camping World Stock Performance

Shares of CWH opened at $20.59 on Friday. Camping World has a 1 year low of $16.18 and a 1 year high of $32.88. The stock has a market capitalization of $1.74 billion, a P/E ratio of -514.62 and a beta of 2.67. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. The company’s fifty day moving average is $24.79 and its two-hundred day moving average is $23.90.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company posted ($0.33) earnings per share. The firm’s revenue for the quarter was down 13.4% on a year-over-year basis. On average, sell-side analysts predict that Camping World will post 1.06 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio is presently -1,249.69%.

Insider Activity at Camping World

In other news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the completion of the sale, the chief executive officer now directly owns 405,268 shares in the company, valued at $10,387,018.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 43.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in CWH. Schonfeld Strategic Advisors LLC grew its holdings in Camping World by 13.2% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 367,300 shares of the company’s stock valued at $7,497,000 after buying an additional 42,767 shares during the period. Gendell Jeffrey L grew its holdings in Camping World by 68.0% in the third quarter. Gendell Jeffrey L now owns 335,900 shares of the company’s stock valued at $6,856,000 after purchasing an additional 135,900 shares during the period. Deutsche Bank AG raised its stake in Camping World by 40.8% during the third quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock worth $7,916,000 after purchasing an additional 112,478 shares during the period. Scopus Asset Management L.P. purchased a new position in Camping World during the third quarter worth approximately $918,000. Finally, FMR LLC grew its stake in shares of Camping World by 9.5% during the 3rd quarter. FMR LLC now owns 1,941,972 shares of the company’s stock valued at $39,636,000 after buying an additional 169,117 shares during the period. Hedge funds and other 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.