Camping World Holdings, Inc. (NYSE:CWH) Given Average Recommendation of “Buy” by Brokerages

Camping World Holdings, Inc. (NYSE:CWH) has been assigned an average rating of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among brokers that have issued a report on the stock in the last year is $25.71.

A number of brokerages recently issued reports on CWH. Roth Mkm dropped their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Truist Financial boosted their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Monness Crespi & Hardt reduced their target price on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Finally, KeyCorp lowered their price target on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd.

Camping World Stock Performance

Shares of CWH opened at $24.29 on Thursday. The firm’s 50 day moving average price is $21.78 and its two-hundred day moving average price is $21.70. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. Camping World has a twelve month low of $16.18 and a twelve month high of $28.72. The firm has a market cap of $2.05 billion, a P/E ratio of -607.10 and a beta of 2.47.

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

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date was Friday, September 13th. Camping World’s dividend payout ratio (DPR) is presently -1,249.69%.

Insider Activity

In related news, CEO Marcus Lemonis sold 121,450 shares of Camping World stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the completion of the transaction, the chief executive officer now owns 155,268 shares in the company, valued at $3,384,842.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 43.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd acquired a new stake in shares of Camping World during the 2nd quarter worth about $50,000. Coronation Fund Managers Ltd. raised its holdings in Camping World by 42.8% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock valued at $4,084,000 after acquiring an additional 68,517 shares during the period. The Manufacturers Life Insurance Company lifted its position in Camping World by 7.0% during the second quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock worth $408,000 after acquiring an additional 1,491 shares during the last quarter. Maverick Capital Ltd. bought a new stake in shares of Camping World during the second quarter worth approximately $965,000. Finally, Eminence Capital LP grew its position in shares of Camping World by 79.8% in the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock valued at $77,589,000 after purchasing an additional 1,927,977 shares during the last quarter. 52.54% of the stock is owned by 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.