Camping World (NYSE:CWH) Price Target Cut to $26.00 by Analysts at Truist Financial

Camping World (NYSE:CWH) had its price target cut by Truist Financial from $28.00 to $26.00 in a report issued on Friday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts have also recently issued reports on CWH. KeyCorp decreased their price objective on Camping World from $30.00 to $26.00 and set an overweight rating on the stock in a report on Friday, May 3rd. StockNews.com cut Camping World from a hold rating to a sell rating in a report on Friday, May 10th. Roth Mkm restated a buy rating and set a $28.00 price target (down previously from $30.00) on shares of Camping World in a report on Friday, May 3rd. Finally, Monness Crespi & Hardt decreased their price target on Camping World from $29.00 to $24.00 and set a buy rating on the stock in a report on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $26.50.

Camping World Price Performance

NYSE CWH traded down $1.44 during trading hours on Friday, reaching $20.53. The company’s stock had a trading volume of 1,416,685 shares, compared to its average volume of 1,135,028. The firm’s 50-day moving average price is $19.79 and its 200-day moving average price is $22.78. The company has a quick ratio of 0.17, a current ratio of 1.19 and a debt-to-equity ratio of 11.24. Camping World has a 1 year low of $16.18 and a 1 year high of $29.24. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -513.12 and a beta of 2.54.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative return on equity of 9.50% and a negative net margin of 0.22%. The firm’s revenue was down 5.3% on a year-over-year basis. During the same period last year, the company earned $0.60 earnings per share. On average, equities research analysts predict that Camping World will post 0.79 EPS for the current fiscal year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, June 13th. Camping World’s dividend payout ratio (DPR) is presently -1,249.69%.

Institutional Investors Weigh In On Camping World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Camping World in the fourth quarter worth about $207,000. Raymond James & Associates grew its holdings in Camping World by 16.8% during the fourth quarter. Raymond James & Associates now owns 29,522 shares of the company’s stock worth $775,000 after acquiring an additional 4,256 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Camping World by 9.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,181 shares of the company’s stock worth $504,000 after acquiring an additional 1,712 shares during the period. TCG Advisory Services LLC acquired a new stake in Camping World during the fourth quarter worth about $2,203,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Camping World by 6.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 498,349 shares of the company’s stock worth $13,087,000 after acquiring an additional 28,569 shares during the period. 52.54% of the stock is currently owned by hedge funds and other 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.