Camping World’s (CWH) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Camping World (NYSE:CWH) in a research report released on Monday morning, Benzinga reports. The brokerage currently has a $24.00 price objective on the stock, down from their prior price objective of $25.00.

Other analysts have also issued research reports about the company. Roth Mkm decreased their price target on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 5th. KeyCorp reduced their target price on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, August 2nd. Monness Crespi & Hardt lifted their price target on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Truist Financial increased their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Camping World has a consensus rating of “Moderate Buy” and a consensus target price of $27.29.

Camping World Trading Down 7.9 %

CWH stock opened at $21.29 on Monday. The firm has a market cap of $1.80 billion, a PE ratio of -532.25 and a beta of 2.47. The firm has a fifty day moving average price of $22.65 and a 200 day moving average price of $21.29. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. Camping World has a fifty-two week low of $16.18 and a fifty-two week high of $28.72.

Camping World (NYSE:CWH) last announced 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 business had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 earnings per share. Sell-side analysts anticipate that Camping World will post -0.6 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.35%. Camping World’s payout ratio is -1,250.00%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 121,450 shares of Camping World stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,384,842.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. nVerses Capital LLC bought a new position in shares of Camping World during the 3rd quarter worth $191,000. Creative Planning lifted its stake in Camping World by 8.7% in the third quarter. Creative Planning now owns 11,133 shares of the company’s stock worth $270,000 after acquiring an additional 892 shares during the period. Handelsbanken Fonder AB bought a new position in Camping World during the 3rd quarter worth about $240,000. SG Americas Securities LLC purchased a new position in Camping World during the 3rd quarter valued at about $318,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Camping World in the 2nd quarter valued at about $50,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.