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

Shares of Camping World Holdings, Inc. (NYSE:CWH) have been assigned an average rating of “Buy” from the six analysts that are covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among analysts that have issued a report on the stock in the last year is $25.43.

A number of analysts have issued reports on the stock. 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 research note on Wednesday, June 26th. Roth Mkm reduced their target price 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. Truist Financial decreased their price objective on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Finally, KeyCorp dropped their target price on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, August 2nd.

Insider Buying and Selling 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 stock was 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 in the company, valued at $3,546,321.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 43.80% of the company’s stock.

Institutional Investors Weigh In On Camping World

Hedge funds have recently modified their holdings of the business. Moors & Cabot Inc. grew its position in shares of Camping World by 2.9% in the 2nd quarter. Moors & Cabot Inc. now owns 19,065 shares of the company’s stock valued at $340,000 after acquiring an additional 531 shares during the period. Commonwealth Equity Services LLC raised its stake in Camping World by 4.3% during the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock worth $885,000 after acquiring an additional 1,323 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Camping World in the fourth quarter valued at approximately $35,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Camping World by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock valued at $545,000 after acquiring an additional 1,477 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of 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 purchasing an additional 1,491 shares during the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Stock Performance

Shares of CWH opened at $24.35 on Thursday. Camping World has a 52-week low of $16.18 and a 52-week high of $28.72. The firm has a market capitalization of $2.06 billion, a PE ratio of -608.63 and a beta of 2.47. The firm has a 50-day moving average price of $21.56 and a 200 day moving average price of $21.81. 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) last released its quarterly 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 analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.60 EPS. On average, sell-side analysts anticipate that Camping World will post -0.61 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Friday, September 13th. Camping World’s dividend payout ratio is -1,250.00%.

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.