Camping World Holdings Inc. (NYSE:CWH) Given Average Recommendation of “Buy” by Brokerages
Camping World Holdings Inc. (NYSE:CWH) has been assigned an average recommendation of “Buy” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation, eleven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $35.94.
A number of research firms recently weighed in on CWH. Zacks Investment Research raised shares of Camping World Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Bank of America Corporation reissued a “buy” rating on shares of Camping World Holdings in a report on Monday, June 12th. Goldman Sachs Group, Inc. (The) raised shares of Camping World Holdings from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $34.00 in a report on Friday, June 9th. Monness Crespi & Hardt began coverage on shares of Camping World Holdings in a report on Monday, August 7th. They issued a “buy” rating and a $40.00 target price for the company. Finally, BMO Capital Markets began coverage on shares of Camping World Holdings in a report on Wednesday, June 21st. They issued an “outperform” rating and a $36.00 target price for the company.
Shares of Camping World Holdings (CWH) traded up 10.23% during midday trading on Friday, hitting $34.69. 1,794,811 shares of the stock were exchanged. The firm’s 50-day moving average is $31.36 and its 200 day moving average is $31.14. The firm’s market cap is $797.04 million. Camping World Holdings has a 52-week low of $20.45 and a 52-week high of $36.60.
Camping World Holdings (NYSE:CWH) last posted its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.15. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 101.57%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the firm posted $0.65 earnings per share. Camping World Holdings’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, analysts forecast that Camping World Holdings will post $1.82 earnings per share for the current year.
In related news, insider Brent L. Moody sold 43,684 shares of the firm’s stock in a transaction on Monday, June 26th. The stock was sold at an average price of $30.44, for a total value of $1,329,740.96. Following the completion of the sale, the insider now directly owns 71,327 shares in the company, valued at $2,171,193.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Thomas F. Wolfe sold 4,179 shares of the firm’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $32.01, for a total value of $133,769.79. Following the completion of the sale, the chief financial officer now owns 49,179 shares of the company’s stock, valued at $1,574,219.79. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,750,550 shares of company stock valued at $188,992,776. 66.60% of the stock is owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the company. Legal & General Group Plc increased its stake in Camping World Holdings by 6.7% in the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after buying an additional 211 shares during the period. Meeder Asset Management Inc. acquired a new stake in Camping World Holdings during the second quarter valued at $111,000. Quantbot Technologies LP increased its stake in Camping World Holdings by 180.2% in the first quarter. Quantbot Technologies LP now owns 5,686 shares of the company’s stock valued at $183,000 after buying an additional 3,657 shares during the period. FNY Partners Fund LP acquired a new stake in Camping World Holdings during the first quarter valued at $193,000. Finally, Affinity Investment Advisors LLC acquired a new stake in Camping World Holdings during the second quarter valued at $208,000. Institutional investors own 83.18% of the company’s stock.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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