Camping World’s (CWH) “Buy” Rating Reaffirmed at Roth Mkm

Camping World (NYSE:CWH)‘s stock had its “buy” rating reiterated by equities research analysts at Roth Mkm in a research note issued to investors on Wednesday, Benzinga reports. They presently have a $28.00 price objective on the stock, up from their previous price objective of $26.00. Roth Mkm’s target price suggests a potential upside of 39.10% from the company’s previous close.

CWH has been the topic of a number of other research reports. KeyCorp increased their price target on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday. Monness Crespi & Hardt increased their price target on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $24.00 price target (down previously from $25.00) on shares of Camping World in a research report on Monday, October 21st. Finally, Truist Financial increased their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.75.

Camping World Stock Performance

CWH stock opened at $20.13 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 1.19 and a debt-to-equity ratio of 10.08. The business’s fifty day simple moving average is $22.83 and its two-hundred day simple moving average is $21.16. Camping World has a twelve month low of $16.18 and a twelve month high of $28.72. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -501.50 and a beta of 2.47.

Camping World (NYSE:CWH) last released its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business earned $0.60 EPS. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. Analysts predict that Camping World will post -0.6 earnings per share for the current year.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 121,450 shares of the firm’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total value of $2,647,610.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,384,842.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Camping World

Several institutional investors have recently added to or reduced their stakes in CWH. Eminence Capital LP raised its stake in shares of Camping World by 79.8% in the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares during the last quarter. Interval Partners LP raised its stake in shares of Camping World by 98.9% in the first quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock worth $55,749,000 after purchasing an additional 995,096 shares during the last quarter. Capital Research Global Investors raised its stake in shares of Camping World by 31.2% in the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after purchasing an additional 513,320 shares during the last quarter. Castleark Management LLC purchased a new position in shares of Camping World in the first quarter worth about $5,028,000. Finally, SG Capital Management LLC purchased a new position in shares of Camping World in the first quarter worth about $3,889,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.