Camping World (NYSE:CWH) Rating Increased to Outperform at Raymond James

Camping World (NYSE:CWH) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, Briefing.com reports. The brokerage currently has a $27.00 price objective on the stock. Raymond James’ target price suggests a potential upside of 18.06% from the stock’s previous close.

Several other brokerages have also recently issued reports on CWH. Roth Mkm reduced their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. KeyCorp decreased their target price on Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Monness Crespi & Hardt lifted their price target on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Finally, Truist Financial raised their price objective on Camping World from $26.00 to $28.00 and gave the company 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 assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $27.25.

Camping World Price Performance

Shares of Camping World stock opened at $22.87 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 firm has a market cap of $1.93 billion, a PE ratio of -571.75 and a beta of 2.47. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The company’s fifty day simple moving average is $22.73 and its two-hundred day simple moving average is $21.15.

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

Insider Buying and Selling at Camping World

In other news, CEO Marcus Lemonis sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $22.84, for a total value of $2,855,000.00. Following the transaction, the chief executive officer now owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 43.80% of the stock is owned by company insiders.

Institutional Trading of Camping World

A number of institutional investors and hedge funds have recently modified their holdings of CWH. nVerses Capital LLC bought a new stake in Camping World in the 3rd quarter worth about $191,000. Creative Planning raised its holdings in shares of Camping World by 8.7% during the third quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after purchasing an additional 892 shares during the last quarter. Handelsbanken Fonder AB bought a new position in Camping World during the third quarter valued at approximately $240,000. SG Americas Securities LLC purchased a new stake in Camping World in the third quarter worth approximately $318,000. Finally, Point72 DIFC Ltd bought a new stake in Camping World in the 2nd quarter worth approximately $50,000. Institutional investors own 52.54% of the company’s stock.

Camping World Company Profile

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.