Analysts Set Camping World (NYSE:CWH) Price Target at $17.67

Shares of Camping World (NYSE:CWH) have been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $17.6667.

Several equities research analysts have commented on CWH shares. Truist Financial decreased their target price on shares of Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, November 10th. Loop Capital initiated coverage on shares of Camping World in a research note on Friday, October 31st. They issued a “buy” rating and a $17.00 price objective for the company. BMO Capital Markets restated an “outperform” rating and set a $22.00 target price on shares of Camping World in a research report on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Finally, Raymond James Financial decreased their price target on Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th.

Camping World Stock Performance

NYSE CWH opened at $11.73 on Wednesday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of -12.61 and a beta of 2.00. The business’s 50 day moving average is $10.73 and its two-hundred day moving average is $14.65. Camping World has a 12-month low of $9.49 and a 12-month high of $24.36. The company has a current ratio of 1.26, a quick ratio of 0.27 and a debt-to-equity ratio of 3.29.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.10. Camping World had a positive return on equity of 3.80% and a negative net margin of 0.85%.The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the previous year, the business earned $0.17 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts expect that Camping World will post -0.66 EPS for the current year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.50 annualized dividend and a yield of 4.3%. Camping World’s dividend payout ratio is -53.76%.

Institutional Investors Weigh In On Camping World

Institutional investors and hedge funds have recently made changes to their positions in the business. Quarry LP grew its stake in Camping World by 2,275.8% in the 3rd quarter. Quarry LP now owns 1,568 shares of the company’s stock valued at $25,000 after acquiring an additional 1,502 shares during the last quarter. State of Wyoming purchased a new stake in shares of Camping World in the third quarter valued at about $43,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Camping World in the third quarter valued at approximately $83,000. Russell Investments Group Ltd. increased its stake in shares of Camping World by 923.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,539 shares of the company’s stock worth $87,000 after purchasing an additional 4,998 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of Camping World by 11.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company’s stock worth $106,000 after purchasing an additional 608 shares during the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

About Camping World

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.