Camping World (NYSE:CWH) Stock Price Expected to Rise, KeyCorp Analyst Says

Camping World (NYSE:CWH) had its price objective hoisted by research analysts at KeyCorp from $25.00 to $27.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 34.13% from the stock’s previous close.

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

Camping World Price Performance

NYSE:CWH opened at $20.13 on Wednesday. The stock has a market cap of $1.70 billion, a PE ratio of -501.50 and a beta of 2.47. 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 business’s 50-day simple moving average is $22.83 and its two-hundred day simple moving average is $21.16. Camping World has a 52 week low of $16.18 and a 52 week high of $28.72.

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

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction 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 sale, the chief executive officer now owns 155,268 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through this link. 43.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camping World

Several hedge funds and other institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd bought a new position in Camping World in the 2nd quarter valued at $50,000. Russell Investments Group Ltd. boosted its position in Camping World by 6,495.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after buying an additional 3,897 shares during the period. nVerses Capital LLC bought a new position in Camping World in the 3rd quarter worth about $191,000. Telos Capital Management Inc. purchased a new position in shares of Camping World during the second quarter worth approximately $196,000. Finally, ProShare Advisors LLC purchased a new position in shares of Camping World during the first quarter worth approximately $209,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.