Camping World’s (CWH) “Buy” Rating Reiterated at Roth Mkm

Camping World (NYSE:CWH)‘s stock had its “buy” rating reaffirmed by equities researchers at Roth Mkm in a note issued to investors on Wednesday, Benzinga reports. They presently have a $28.00 price target on the stock, up from their previous price target of $26.00. Roth Mkm’s target price indicates a potential upside of 21.79% from the company’s current price.

A number of other brokerages have also recently weighed in on CWH. 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 report on Monday, October 21st. Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Wednesday. Monness Crespi & Hardt raised their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Truist Financial boosted their target price on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, KeyCorp lifted their price target on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Camping World presently has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Price Performance

Shares of CWH traded up $0.10 during trading hours on Wednesday, reaching $22.99. 467,259 shares of the company’s stock traded hands, compared to its average volume of 990,345. Camping World has a 12 month low of $16.18 and a 12 month high of $28.72. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. The stock has a market cap of $1.94 billion, a PE ratio of -569.50 and a beta of 2.47. The firm’s 50 day simple moving average is $22.79 and its 200-day simple moving average is $21.15.

Camping World (NYSE:CWH) last released its quarterly 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 company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the firm earned $0.60 EPS. Camping World’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts expect that Camping World will post -0.6 EPS for the current year.

Insider Activity

In other news, CEO Marcus Lemonis sold 121,450 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total value of $2,647,610.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares in the company, valued at approximately $3,384,842.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Several hedge funds have recently made changes to their positions in CWH. Point72 DIFC Ltd purchased a new stake in Camping World during the second quarter worth $50,000. Russell Investments Group Ltd. boosted its position in Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after purchasing an additional 3,897 shares in the last quarter. ProShare Advisors LLC purchased a new position in Camping World in the first quarter valued at about $209,000. nVerses Capital LLC bought a new position in Camping World in the third quarter worth about $191,000. Finally, Handelsbanken Fonder AB purchased a new stake in shares of Camping World during the third quarter valued at about $240,000. 52.54% of the stock is currently owned by hedge funds and other 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.