CWH has been the subject of several other reports. Monness Crespi & Hardt lowered their price target on Camping World from $40.00 to $32.00 and assigned the company a “buy” rating in a report on Thursday, June 30th. StockNews.com began covering Camping World in a research report on Thursday, March 31. They put a “hold” rating on the stock. TheStreet cut the Camping World rating from a “b-” to a “c+” rating in a report released on Monday, April 25. DA Davidson assumed Camping World coverage in a report on Wednesday, April 13th. They issued a “neutral” rating and a $29.00 target price for the company. Finally, Trust Financial lowered its Camping World price target to $26.00 in a research note on Thursday, May 26. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on MarketBeat data, the company currently has an average rating of “Hold” and an agreed target price of $36.17.
Camping World stock rose 1.2%
CWH traded up $0.31 during trading on Friday, reaching $26.83. The trading volume per share was 639,363 shares, compared to an average trading volume of 937,432 shares. Camping World recorded a one-year low of $20.85 and a one-year high of $46.77. The company has a trading ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 6.98. The 50-day moving average for the stock is $24.97 and its 200-day moving average is $28.73. The company has a market capitalization of $2.23 billion, a price-earnings ratio of 4.78 and a beta of 2.79.
Camping World (NYSE: CWH – Get Rating) last announced its earnings results on Tuesday, May 3. The company reported earnings of $0.92 per share (EPS) for the quarter, missing the consensus estimate of $1.22 ($0.30). Camping World had a return on equity of 109.12% and a net margin of 3.72%. The company generated $1.66 billion in revenue for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the previous year, the company reported earnings of $1.40 per share. The company’s first-quarter revenue increased 6.7% year-over-year. As a group, analysts expect Camping World to report 4.9 earnings per share for the current year.
Buying and selling insiders
In other news from Camping World, CEO Marcus Lemonis bought 38,350 shares of Camping World stock in a transaction that occurred Friday, June 10. The stock was purchased at an average cost of $26.36 per share, with a total transaction of $1,010,906.00. Following the completion of the acquisition, the CEO now owns 121,450 shares of the company’s stock, valued at approximately $3,201,422. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which is available through this link. 47.50% of the shares are owned by company insiders.
Institutional investors weigh in in the camping world
A number of hedge funds and other institutional investors have recently added to or reduced their equity stakes. National Bank of Canada FI bought a new stake in Camping World in the fourth quarter valued at $61,000. Janney Montgomery Scott LLC acquired a new position in Camping World during the fourth quarter worth $213,000. Nkcfo LLC acquired a new position in Camping World during the fourth quarter valued at $242,000. Allspring Global Investments Holdings LLC acquired a new position in Camping World during the fourth quarter worth $910,000. Finally, WBI Investments Inc. acquired a new position in Camping World during the fourth quarter valued at $889,000. Hedge funds and other institutional investors own 84.47% of the company’s stock.
About the world of camping
Camping World Holdings, Inc., through its subsidiaries, retails recreational vehicles (RVs) and related products and services. It operates in two parts, Good Sam’s Services and Plans; and RV and outdoor retail. The company provides a range of services, protection plans, products and resources to the recreational vehicle industry.
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