Robert W. Baird Reaffirms Buy Rating for Camping World Holdings Inc. (CWH)
Camping World Holdings Inc. (NYSE:CWH)‘s stock had its “buy” rating restated by stock analysts at Robert W. Baird in a report issued on Thursday.
Several other analysts have also commented on CWH. Forward View upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a report on Monday, August 14th. BMO Capital Markets increased their price objective on Camping World Holdings from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Camping World Holdings from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Tuesday, August 15th. Credit Suisse Group set a $40.00 price objective on Camping World Holdings and gave the company a “buy” rating in a report on Friday, August 11th. Finally, Bank of America Corporation reiterated a “buy” rating on shares of Camping World Holdings in a report on Monday, June 12th. Thirteen analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Camping World Holdings presently has an average rating of “Buy” and a consensus target price of $36.96.
Camping World Holdings (NYSE CWH) traded up 1.02% during mid-day trading on Thursday, hitting $37.75. The company’s stock had a trading volume of 248,077 shares. The firm’s 50-day moving average is $38.82 and its 200-day moving average is $38.82. The company’s market cap is $1.11 billion. Camping World Holdings has a 12-month low of $20.45 and a 12-month high of $39.54.
Camping World Holdings (NYSE:CWH) last issued its quarterly earnings data on Thursday, August 10th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.69 by $0.15. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. Analysts predict that Camping World Holdings will post $2.12 EPS for the current fiscal year.
In related news, insider Brent L. Moody sold 43,684 shares of the company’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 transaction, the insider now directly owns 71,327 shares of the company’s stock, valued at approximately $2,171,193.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Roger L. Nuttall sold 67,146 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $38.55, for a total value of $2,588,478.30. Following the completion of the transaction, the insider now directly owns 79,259 shares in the company, valued at $3,055,434.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 632,488 shares of company stock worth $21,423,975. 66.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc grew its position in Camping World Holdings by 6.7% during the 2nd quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after purchasing an additional 211 shares during the period. Meeder Asset Management Inc. acquired a new stake in Camping World Holdings during the 2nd quarter worth about $111,000. Quantbot Technologies LP grew its position in Camping World Holdings by 180.2% during the 1st quarter. Quantbot Technologies LP now owns 5,686 shares of the company’s stock worth $183,000 after purchasing an additional 3,657 shares during the period. FNY Partners Fund LP acquired a new stake in Camping World Holdings during the 1st quarter worth about $193,000. Finally, Affinity Investment Advisors LLC acquired a new stake in Camping World Holdings during the 2nd quarter worth about $208,000. 31.53% of the stock is currently owned by institutional investors.
About Camping World Holdings
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.
Receive News & Ratings for Camping World Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camping World Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.