Camping World’s (CWH) Neutral Rating Reaffirmed at Robert W. Baird

Robert W. Baird reiterated their neutral rating on shares of Camping World (NYSE:CWH) in a research note released on Friday morning, Marketbeat Ratings reports. They currently have a $18.00 price target on the stock, down from their previous price target of $28.00.

Other analysts also recently issued research reports about the company. Bank of America initiated coverage on Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 target price on the stock. KeyCorp cut their price objective on shares of Camping World from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Thursday, March 20th. Finally, Truist Financial increased their target price on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $25.88.

Camping World Stock Down 8.2 %

CWH stock opened at $12.90 on Friday. The stock has a market cap of $1.32 billion, a PE ratio of -18.69, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32. The firm’s 50-day simple moving average is $19.54 and its 200 day simple moving average is $21.66. Camping World has a fifty-two week low of $12.08 and a fifty-two week high of $26.33. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67.

Camping World (NYSE:CWH) last announced its quarterly earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, meeting the consensus estimate of ($0.55). The company had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.13 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. As a group, sell-side analysts predict that Camping World will post -0.66 EPS for the current year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Investors of record on Friday, March 14th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 annualized dividend and a yield of 3.88%. Camping World’s dividend payout ratio is currently -65.79%.

Insiders Place Their Bets

In other Camping World news, President Matthew D. Wagner bought 5,725 shares of Camping World stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, for a total transaction of $100,817.25. Following the completion of the acquisition, the president now owns 300,640 shares of the company’s stock, valued at approximately $5,294,270.40. This represents a 1.94 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 43.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Camping World

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in Camping World by 195.0% during the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after buying an additional 1,014 shares during the period. Mpwm Advisory Solutions LLC acquired a new stake in shares of Camping World during the fourth quarter valued at approximately $63,000. Sandia Investment Management LP acquired a new position in Camping World in the 4th quarter worth approximately $105,000. Summit Investment Advisors Inc. grew its position in Camping World by 33.4% during the 4th quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock worth $117,000 after purchasing an additional 1,390 shares in the last quarter. Finally, AlphaQuest LLC grew its position in Camping World by 494.9% during the 4th quarter. AlphaQuest LLC now owns 7,865 shares of the company’s stock worth $166,000 after purchasing an additional 6,543 shares in the last quarter. Institutional investors and hedge funds 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.