Camping World (NYSE:CWH) Price Target Raised to $21.00

Camping World (NYSE:CWH) had its price objective raised by Citigroup from $16.00 to $21.00 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

A number of other equities analysts have also issued reports on the company. KeyCorp cut their target price on Camping World from $22.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Baird R W lowered Camping World from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird cut their target price on Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised Camping World from a “neutral” rating to an “overweight” rating and cut their target price for the company from $23.00 to $21.00 in a research report on Thursday, May 1st. Finally, Monness Crespi & Hardt cut their target price on Camping World from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $21.56.

Camping World Stock Performance

Shares of NYSE:CWH opened at $16.76 on Friday. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. Camping World has a one year low of $11.17 and a one year high of $25.97. The business’s 50-day simple moving average is $14.67 and its 200 day simple moving average is $19.56. The company has a market cap of $1.71 billion, a P/E ratio of -24.29, a PEG ratio of 0.92 and a beta of 2.13.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.07. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted ($0.40) EPS. Camping World’s quarterly revenue was up 3.6% on a year-over-year basis. On average, sell-side analysts forecast that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.98%. Camping World’s dividend payout ratio (DPR) is -108.70%.

Insider Activity

In related news, President Matthew D. Wagner acquired 5,725 shares of the 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 purchase, the president now directly owns 300,640 shares in the company, valued at $5,294,270.40. This represents a 1.94% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 35.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Cinctive Capital Management LP grew its stake in Camping World by 117.2% during the 4th quarter. Cinctive Capital Management LP now owns 125,031 shares of the company’s stock worth $2,636,000 after buying an additional 67,459 shares during the last quarter. Vanguard Group Inc. grew its stake in Camping World by 39.2% during the 4th quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock worth $122,003,000 after buying an additional 1,630,307 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Camping World in the fourth quarter worth $1,465,000. Barclays PLC grew its stake in shares of Camping World by 96.9% in the third quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after purchasing an additional 156,055 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Camping World by 26.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 827,823 shares of the company’s stock worth $17,451,000 after purchasing an additional 175,554 shares in the last quarter. 52.54% of the stock is currently owned by 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.