KeyCorp Forecasts Strong Price Appreciation for Camping World (NYSE:CWH) Stock

Camping World (NYSE:CWH) had its price objective increased by KeyCorp from $25.00 to $27.00 in a research report sent to investors on Wednesday morning, Benzinga reports. KeyCorp currently has an overweight rating on the stock.

A number of other equities analysts also recently issued reports on the company. Truist Financial raised their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research note on Friday, September 20th. Monness Crespi & Hardt boosted their price target on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price target (down previously from $25.00) on shares of Camping World in a research report on Monday, October 21st. Roth Mkm dropped their price objective on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Camping World has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Price Performance

CWH opened at $20.21 on Wednesday. The company’s 50-day simple moving average is $22.78 and its two-hundred day simple moving average is $21.13. Camping World has a 52-week low of $17.29 and a 52-week high of $28.72. The stock has a market capitalization of $1.71 billion, a P/E ratio of -29.29 and a beta of 2.47. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

Camping World (NYSE:CWH) last issued its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative return on equity of 23.77% and a negative net margin of 0.40%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, analysts predict that Camping World will post -0.6 EPS for the current year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were paid a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.47%. Camping World’s payout ratio is presently -72.46%.

Insider Activity

In related news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was 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 directly owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

Hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC lifted its position in shares of Camping World by 1.6% in the third quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company’s stock worth $1,516,000 after buying an additional 965 shares in the last quarter. nVerses Capital LLC purchased a new stake in shares of Camping World during the 3rd quarter worth approximately $191,000. Creative Planning boosted its position in shares of Camping World by 8.7% during the 3rd quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after acquiring an additional 892 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in shares of Camping World in the third quarter valued at $240,000. Finally, SG Americas Securities LLC bought a new stake in Camping World in the third quarter worth $318,000. Hedge funds and other 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.