Camping World (NYSE:CWH) Price Target Raised to $27.00

Camping World (NYSE:CWH - Free Report) had its target price upped by KeyCorp from $25.00 to $27.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued reports about the stock. Monness Crespi & Hardt raised their target price on shares of Camping World from $24.00 to $30.00 and gave the company a "buy" rating in a report on Friday, September 27th. Raymond James raised shares of Camping World from a "market perform" rating to an "outperform" rating and set a $27.00 price objective for the company in a research note on Wednesday. Truist Financial upped their target price on shares of Camping World from $26.00 to $28.00 and gave the company a "buy" rating in a research report on Friday, September 20th. Roth Mkm dropped their price target on Camping World from $28.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $24.00 price objective (down from $25.00) on shares of Camping World in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.75.

Camping World Price Performance

CWH stock traded down $0.17 during mid-day trading on Wednesday, hitting $22.72. The company had a trading volume of 954,354 shares, compared to its average volume of 992,705. The company has a 50-day moving average price of $22.79 and a 200 day moving average price of $21.15. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -568.25 and a beta of 2.47. The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.87 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Camping World's quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts anticipate that Camping World will post -0.6 earnings per share for the current year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.20%. Camping World's payout ratio is -1,250.00%.

Insider Activity at Camping World

In other news, CEO Marcus Lemonis sold 125,000 shares of the company's stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $22.84, for a total value of $2,855,000.00. Following the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 43.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CWH. nVerses Capital LLC bought a new position in Camping World during the 3rd quarter worth about $191,000. Creative Planning increased its holdings in Camping World by 8.7% during the third quarter. Creative Planning now owns 11,133 shares of the company's stock valued at $270,000 after buying an additional 892 shares during the period. Handelsbanken Fonder AB purchased a new position in Camping World during the third quarter valued at approximately $240,000. SG Americas Securities LLC bought a new position in Camping World in the third quarter worth approximately $318,000. Finally, Point72 DIFC Ltd purchased a new stake in Camping World during the second quarter worth $50,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.