Brokerages Set Camping World Holdings, Inc. (NYSE:CWH) Price Target at $30.20

Shares of Camping World Holdings, Inc. (NYSE:CWH) have received an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $29.67.

Several brokerages have weighed in on CWH. StockNews.com downgraded shares of Camping World from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Truist Financial lowered their target price on shares of Camping World from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Roth Mkm reiterated a “buy” rating and set a $28.00 price objective (down from $30.00) on shares of Camping World in a research note on Friday, May 3rd. Finally, KeyCorp lowered their price objective on shares of Camping World from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd.

Camping World Price Performance

NYSE CWH opened at $18.97 on Friday. The company has a debt-to-equity ratio of 11.24, a quick ratio of 0.17 and a current ratio of 1.19. The firm’s 50 day moving average price is $23.16 and its 200-day moving average price is $24.12. Camping World has a 52-week low of $16.18 and a 52-week high of $32.88. The company has a market cap of $1.60 billion, a PE ratio of -474.25 and a beta of 2.67.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, May 1st. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.45) by ($0.01). The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.43 billion. Camping World had a net margin of 0.09% and a negative return on equity of 2.39%. Sell-side analysts forecast that Camping World will post 0.83 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, June 13th. Camping World’s payout ratio is -1,250.00%.

Insider Buying and Selling at Camping World

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The shares were 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 43.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CWH. Eminence Capital LP acquired a new position in shares of Camping World in the fourth quarter worth about $37,451,000. Interval Partners LP raised its position in shares of Camping World by 98.9% in the first quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock worth $55,749,000 after acquiring an additional 995,096 shares during the period. Capital Research Global Investors raised its position in shares of Camping World by 31.2% in the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after acquiring an additional 513,320 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Camping World in the first quarter worth about $9,403,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Camping World in the third quarter worth about $3,777,000. 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.