Camping World (NYSE:CWH) Given “Neutral” Rating at Robert W. Baird

Camping World (NYSE:CWH)‘s stock had its “neutral” rating reaffirmed by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday, MarketBeat Ratings reports. They currently have a $18.00 target price on the stock, down from their prior target price of $28.00. Robert W. Baird’s price target would suggest a potential upside of 39.59% from the stock’s previous close.

CWH has been the subject of several other reports. Truist Financial boosted their price objective on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Bank of America initiated coverage on shares of Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 price target for the company. Finally, KeyCorp reduced 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. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.88.

Camping World Price Performance

CWH opened at $12.90 on Friday. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The company’s 50 day simple moving average is $19.54 and its 200-day simple moving average is $21.67. Camping World has a one year low of $12.08 and a one year high of $26.33. The stock has a market capitalization of $1.32 billion, a P/E ratio of -18.69, a price-to-earnings-growth ratio of 0.92 and a beta of 2.32.

Camping World (NYSE:CWH) last released its earnings results on Tuesday, February 25th. The company reported ($0.55) EPS for the quarter, meeting the consensus estimate of ($0.55). Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Sell-side analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Camping World news, President Matthew D. Wagner bought 5,725 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, with a total value of $100,817.25. Following the completion of the purchase, the president now owns 300,640 shares in the company, valued at approximately $5,294,270.40. The trade was a 1.94 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock worth $7,094,000 after buying an additional 251,748 shares during the period. Geode Capital Management LLC raised its holdings in shares of Camping World by 4.5% during the third quarter. Geode Capital Management LLC now owns 978,330 shares of the company’s stock worth $23,701,000 after acquiring an additional 41,705 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Camping World by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company’s stock valued at $15,798,000 after acquiring an additional 65,798 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Camping World in the 4th quarter worth $1,465,000. Finally, Barclays PLC increased its holdings in Camping World by 96.9% during the 3rd 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. Institutional investors 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.