Camping World (NYSE:CWH) Price Target Lowered to $28.00 at Truist Financial

Camping World (NYSE:CWH) had its price objective trimmed by Truist Financial from $30.00 to $28.00 in a report issued on Friday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms have also recently issued reports on CWH. Stephens reiterated an overweight rating and set a $28.00 target price (up previously from $26.00) on shares of Camping World in a research report on Wednesday, January 17th. StockNews.com upgraded Camping World from a sell rating to a hold rating in a research report on Thursday, May 2nd. Citigroup increased their target price on Camping World from $26.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, January 23rd. Finally, KeyCorp increased their target price on Camping World from $25.00 to $30.00 and gave the stock an overweight rating in a research report on Friday, January 12th. Two 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, the stock presently has a consensus rating of Moderate Buy and an average price target of $30.20.

Camping World Stock Performance

Shares of CWH opened at $20.59 on Friday. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55. The business has a 50-day simple moving average of $24.79 and a two-hundred day simple moving average of $23.90. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -514.62 and a beta of 2.67. Camping World has a 52 week low of $16.18 and a 52 week high of $32.88.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Camping World had a negative return on equity of 2.16% and a net margin of 0.09%. The business’s quarterly revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.33) earnings per share. On average, analysts expect that Camping World will post 1.06 EPS for the current year.

Camping World Announces Dividend

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

Insider Activity

In other news, CEO Marcus Lemonis sold 100,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at approximately $10,387,018.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Several institutional investors have recently modified their holdings of CWH. Eminence Capital LP bought a new stake in shares of Camping World in the 4th quarter valued at approximately $37,451,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Camping World during the 1st quarter worth approximately $9,403,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Camping World during the 3rd quarter worth approximately $3,777,000. FMR LLC lifted 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 worth $39,636,000 after acquiring an additional 169,117 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Camping World by 479.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 172,618 shares of the company’s stock worth $4,533,000 after acquiring an additional 142,846 shares during the last quarter. 52.54% of the stock is owned by institutional investors.

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.