Truist Financial Increases Camping World (NYSE:CWH) Price Target to $28.00

Camping World (NYSE:CWH) had its price target boosted by stock analysts at Truist Financial from $26.00 to $28.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Truist Financial’s price target suggests a potential upside of 14.61% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CWH. Monness Crespi & Hardt cut their price objective on shares of Camping World from $29.00 to $24.00 and set a “buy” rating on the stock in a report on Wednesday, June 26th. KeyCorp reduced their price objective on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Finally, Roth Mkm dropped their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and an average price target of $25.71.

Camping World Stock Down 0.4 %

CWH traded down $0.09 during trading on Friday, hitting $24.43. 174,175 shares of the company’s stock were exchanged, compared to its average volume of 962,087. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $28.72. The stock has a market cap of $2.07 billion, a P/E ratio of -610.75 and a beta of 2.47. The business’s 50 day moving average is $21.64 and its two-hundred day moving average is $21.83. 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 issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the company earned $0.60 earnings per share. As a group, equities analysts expect that Camping World will post -0.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Marcus Lemonis sold 125,000 shares of Camping World 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 of the company’s stock, valued at approximately $3,546,321.12. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Camping World

Several large investors have recently added to or reduced their stakes in CWH. Moors & Cabot Inc. lifted its holdings in shares of Camping World by 2.9% during the 2nd quarter. Moors & Cabot Inc. now owns 19,065 shares of the company’s stock worth $340,000 after acquiring an additional 531 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Camping World by 4.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock worth $885,000 after purchasing an additional 1,323 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in shares of Camping World in the 4th quarter worth about $35,000. Price T Rowe Associates Inc. MD increased its position 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 purchasing an additional 1,477 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Camping World by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock valued at $408,000 after buying an additional 1,491 shares in the last quarter. Institutional investors own 52.54% of the company’s stock.

Camping World Company Profile

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.