Camping World's (CWH) "Neutral" Rating Reiterated at Robert W. Baird

Robert W. Baird reaffirmed their neutral rating on shares of Camping World (NYSE:CWH - Free Report) in a report published on Friday, Marketbeat.com reports. The firm currently has a $18.00 price target on the stock, down from their previous price target of $28.00.

CWH has been the subject of several other reports. KeyCorp reduced their target price on Camping World from $27.00 to $22.00 and set an "overweight" rating for the company in a research note on Thursday, March 20th. Bank of America began coverage on shares of Camping World in a research note on Thursday, December 19th. They set a "buy" rating and a $30.00 target price for the company. Finally, Truist Financial lifted their price objective on Camping World from $26.00 to $28.00 and gave the stock a "buy" rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Camping World has a consensus rating of "Moderate Buy" and an average price target of $25.88.

Camping World Stock Performance

Shares of NYSE:CWH traded up $0.67 during trading on Friday, hitting $13.27. 1,311,003 shares of the stock traded hands, compared to its average volume of 1,272,287. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The company has a fifty day moving average price of $18.92 and a two-hundred day moving average price of $21.43. Camping World has a 52-week low of $11.82 and a 52-week high of $26.33. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -19.59, a P/E/G ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported ($0.55) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.55). Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.13 billion. As a group, equities analysts predict that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Friday, March 14th. Camping World's dividend payout ratio (DPR) is presently -65.79%.

Insider Activity

In related news, President Matthew D. Wagner purchased 5,725 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the transaction, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 43.80% of the company's stock.

Hedge Funds Weigh In On Camping World

A number of hedge funds have recently made changes to their positions in the stock. Cinctive Capital Management LP lifted its holdings in Camping World by 117.2% during the 4th quarter. Cinctive Capital Management LP now owns 125,031 shares of the company's stock worth $2,636,000 after buying an additional 67,459 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Camping World by 611.9% during the third quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company's stock worth $7,094,000 after acquiring an additional 251,748 shares during the last quarter. Geode Capital Management LLC boosted its stake in Camping World by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 978,330 shares of the company's stock worth $23,701,000 after purchasing an additional 41,705 shares during the period. Raymond James Financial Inc. acquired a new position in Camping World in the fourth quarter valued at $1,465,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Camping World by 11.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company's stock valued at $15,798,000 after buying an additional 65,798 shares during the last quarter. Hedge funds and other institutional investors own 52.54% of the company's stock.

Camping World Company Profile

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.