Camping World Holdings, Inc. (NYSE:CWH) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Camping World Holdings, Inc. (NYSE:CWH) have been given a consensus rating of “Buy” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation. The average twelve-month price target among brokerages that have covered the stock in the last year is $26.50.

CWH has been the subject of a number of research reports. StockNews.com lowered Camping World from a “hold” rating to a “sell” rating in a research report on Friday, May 10th. Truist Financial dropped their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Friday. Roth Mkm restated a “buy” rating and issued a $28.00 price objective (down from $30.00) on shares of Camping World in a report on Friday, May 3rd. Monness Crespi & Hardt lowered their target price on shares of Camping World from $29.00 to $24.00 and set a “buy” rating for the company in a report on Wednesday, June 26th. Finally, KeyCorp cut their price target on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday.

Camping World Stock Performance

NYSE CWH opened at $20.53 on Wednesday. Camping World has a 1-year low of $16.18 and a 1-year high of $29.24. The company has a 50 day moving average of $19.79 and a 200-day moving average of $22.76. The company has a current ratio of 1.19, a quick ratio of 0.17 and a debt-to-equity ratio of 11.24. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -513.12 and a beta of 2.54.

Camping World (NYSE:CWH) last announced its earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative return on equity of 9.50% and a negative net margin of 0.22%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the company posted $0.60 EPS. Camping World’s revenue for the quarter was down 5.3% on a year-over-year basis. On average, equities analysts forecast that Camping World will post 0.79 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, June 13th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, June 13th. This represents a $0.50 annualized dividend and a yield of 2.44%. Camping World’s dividend payout ratio (DPR) is presently -1,249.69%.

Hedge Funds Weigh In On Camping World

A number of institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its position in shares of Camping World by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after buying an additional 1,323 shares during the last quarter. ICA Group Wealth Management LLC acquired a new stake in Camping World during the 4th quarter valued at $35,000. Price T Rowe Associates Inc. MD boosted its position in Camping World by 8.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock worth $545,000 after purchasing an additional 1,477 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Camping World by 9.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 19,181 shares of the company’s stock valued at $504,000 after purchasing an additional 1,712 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Camping World by 5.3% in the second quarter. Rhumbline Advisers now owns 61,138 shares of the company’s stock valued at $1,092,000 after purchasing an additional 3,099 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.