Camping World (NYSE:CWH) PT Lowered to $28.00 at Truist Financial

Camping World (NYSE:CWH) had its target price decreased by Truist Financial from $30.00 to $28.00 in a research note released on Friday morning, Benzinga reports. Truist Financial currently has a buy rating on the stock.

A number of other equities analysts have also recently issued reports on CWH. KeyCorp upped their price objective on Camping World from $25.00 to $30.00 and gave the stock an overweight rating in a report on Friday, January 12th. Citigroup upped their target price on Camping World from $26.00 to $30.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. Stephens reissued an overweight rating and set a $28.00 price target (up from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. Finally, StockNews.com raised shares of Camping World from a sell rating to a hold rating in a research note on Thursday. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $30.20.

Camping World Stock Down 0.1 %

CWH stock opened at $20.10 on Friday. Camping World has a 1-year low of $16.18 and a 1-year high of $32.88. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of -502.37 and a beta of 2.67. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 7.55. The company’s 50 day moving average is $24.89 and its 200 day moving average is $23.88.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a net margin of 0.09% and a negative return on equity of 2.16%. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the prior year, the firm earned ($0.33) EPS. The business’s revenue for the quarter was down 13.4% compared to the same quarter last year. Sell-side analysts predict that Camping World will post 1.06 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Thursday, March 14th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s dividend payout ratio (DPR) is -1,249.69%.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the completion of the sale, the chief executive officer now owns 405,268 shares in the company, valued at approximately $10,387,018.84. The transaction was disclosed in a document filed with the SEC, which is available at this link. 43.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camping World

Several institutional investors and hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new position in Camping World in the fourth quarter worth about $35,000. Selway Asset Management bought a new stake in shares of Camping World during the third quarter valued at approximately $55,000. Advisory Services Network LLC bought a new position in Camping World in the fourth quarter worth $172,000. Moors & Cabot Inc. lifted its position in Camping World by 13.5% during the third quarter. Moors & Cabot Inc. now owns 9,802 shares of the company’s stock valued at $200,000 after buying an additional 1,164 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in shares of Camping World in the 4th quarter worth about $207,000. 52.54% of the stock is owned by hedge funds and other institutional investors.

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.