Camping World (NYSE:CWH) Given New $28.00 Price Target at Truist Financial

Camping World (NYSE:CWH) had its target price reduced by Truist Financial from $30.00 to $28.00 in a report released on Friday morning, Benzinga reports. They currently have a buy rating on the stock.

Other research analysts also recently issued research reports about the stock. StockNews.com upgraded shares of Camping World from a sell rating to a hold rating in a research note on Thursday. Stephens reaffirmed an overweight rating and set a $28.00 price objective (up from $26.00) on shares of Camping World in a research report on Wednesday, January 17th. Citigroup increased their target price on Camping World from $26.00 to $30.00 and gave the company a buy rating in a report on Tuesday, January 23rd. Finally, KeyCorp raised their price target on Camping World from $25.00 to $30.00 and gave the company an overweight rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camping World has a consensus rating of Moderate Buy and a consensus price target of $29.91.

Camping World Stock Down 0.1 %

Shares of NYSE:CWH traded down $0.03 during trading on Friday, hitting $20.10. The company’s stock had a trading volume of 2,091,355 shares, compared to its average volume of 1,135,218. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $32.88. The business has a 50 day moving average price of $24.89 and a two-hundred day moving average price of $23.79. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. The company has a market capitalization of $1.70 billion, a PE ratio of -502.37 and a beta of 2.67.

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

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Thursday, March 14th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio is currently -1,249.69%.

Insider Transactions at Camping World

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the transaction, the chief executive officer now directly owns 405,268 shares of the company’s stock, valued at approximately $10,387,018.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

A number of hedge funds have recently added to or reduced their stakes in the stock. ICA Group Wealth Management LLC acquired a new stake in shares of Camping World during the fourth quarter worth $35,000. Selway Asset Management purchased a new stake in shares of Camping World in the third quarter valued at about $55,000. Advisory Services Network LLC acquired a new position in shares of Camping World during the fourth quarter worth about $172,000. Moors & Cabot Inc. raised its holdings in Camping World by 13.5% during the third quarter. Moors & Cabot Inc. now owns 9,802 shares of the company’s stock worth $200,000 after purchasing an additional 1,164 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Camping World in the fourth quarter valued at about $207,000. 52.54% of the stock is owned by institutional investors and hedge funds.

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.