Camping World (NYSE:CWH) PT Raised to $30.00 at Monness Crespi & Hardt

Camping World (NYSE:CWH) had its price target hoisted by Monness Crespi & Hardt from $24.00 to $30.00 in a research note issued to investors on Friday, MarketBeat reports. Monness Crespi & Hardt currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Roth Mkm cut their target price on shares of Camping World from $28.00 to $26.00 and set a buy rating on the stock in a report on Monday, August 5th. Truist Financial boosted their price objective on Camping World from $26.00 to $28.00 and gave the company a buy rating in a research report on Friday, September 20th. Finally, KeyCorp dropped their target price on Camping World from $26.00 to $25.00 and set an overweight rating on the stock in a research report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of $26.57.

Camping World Stock Performance

CWH stock opened at $24.22 on Friday. The stock’s 50 day simple moving average is $21.91 and its 200 day simple moving average is $21.63. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The firm has a market cap of $2.05 billion, a P/E ratio of -600.75 and a beta of 2.47. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share 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 business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the company posted $0.60 earnings per share. The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities research analysts predict that Camping World will post -0.6 EPS for the current year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.06%. Camping World’s dividend payout ratio (DPR) is presently -1,250.00%.

Insider Transactions at Camping World

In related 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 completion of the sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at $3,546,321.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 DIFC Ltd bought a new stake in shares of Camping World in the 2nd quarter worth $50,000. Coronation Fund Managers Ltd. raised its position in Camping World by 42.8% in the second quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock worth $4,084,000 after acquiring an additional 68,517 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Camping World by 7.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after acquiring an additional 1,491 shares during the last quarter. Maverick Capital Ltd. bought a new position in shares of Camping World during the 2nd quarter valued at about $965,000. Finally, Eminence Capital LP grew its stake in shares of Camping World by 79.8% in the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares during the last quarter. Institutional investors 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.