Camping World Holdings Inc. (CWH) Receives $38.06 Consensus Target Price from Analysts
Camping World Holdings Inc. (NYSE:CWH) has received an average recommendation of “Buy” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $38.06.
A number of equities analysts recently weighed in on CWH shares. Goldman Sachs Group, Inc. (The) upgraded shares of Camping World Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $30.00 to $34.00 in a research note on Friday, June 9th. Bank of America Corporation restated a “buy” rating on shares of Camping World Holdings in a research note on Monday, June 12th. BMO Capital Markets started coverage on shares of Camping World Holdings in a research note on Wednesday, June 21st. They set an “outperform” rating and a $36.00 price objective for the company. Zacks Investment Research downgraded shares of Camping World Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co upgraded shares of Camping World Holdings from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $37.00 to $38.00 in a research note on Thursday, July 13th.
In other news, CFO Thomas F. Wolfe sold 42,854 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $32.16, for a total value of $1,378,184.64. Following the sale, the chief financial officer now directly owns 78,974 shares of the company’s stock, valued at approximately $2,539,803.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Brent L. Moody sold 26,821 shares of the company’s stock in a transaction dated Thursday, July 13th. The shares were sold at an average price of $31.54, for a total transaction of $845,934.34. Following the completion of the sale, the insider now directly owns 65,553 shares in the company, valued at $2,067,541.62. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 865,421 shares of company stock worth $31,387,752. 66.60% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its holdings in shares of Camping World Holdings by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after purchasing an additional 211 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Camping World Holdings in the 2nd quarter valued at about $111,000. Quantbot Technologies LP raised its holdings in shares of Camping World Holdings by 180.2% in the 1st quarter. Quantbot Technologies LP now owns 5,686 shares of the company’s stock valued at $183,000 after purchasing an additional 3,657 shares during the period. FNY Partners Fund LP bought a new stake in shares of Camping World Holdings in the 1st quarter valued at about $193,000. Finally, Affinity Investment Advisors LLC bought a new stake in shares of Camping World Holdings in the 2nd quarter valued at about $208,000. 31.40% of the stock is currently owned by institutional investors.
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Camping World Holdings (CWH) traded down 2.00% during mid-day trading on Friday, reaching $39.59. The company had a trading volume of 226,578 shares. The firm’s 50-day moving average price is $38.94 and its 200-day moving average price is $38.94. Camping World Holdings has a 12 month low of $20.45 and a 12 month high of $41.27. The stock’s market cap is $1.16 billion.
Camping World Holdings (NYSE:CWH) last announced its earnings results on Thursday, August 10th. The company reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.15. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 EPS. Equities research analysts forecast that Camping World Holdings will post $2.12 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.81%. Camping World Holdings’s dividend payout ratio is 14.29%.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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