Camping World (CWH) Rating Reiterated by Robert W. Baird
Camping World (NYSE:CWH)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a research note issued to investors on Friday. They presently have a $50.00 price target on the stock. Robert W. Baird’s target price suggests a potential upside of 8.55% from the company’s previous close.
Other research analysts have also recently issued research reports about the company. ValuEngine cut Camping World from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Wells Fargo & Co reaffirmed an “outperform” rating and set a $48.00 target price (up previously from $37.00) on shares of Camping World in a research report on Tuesday, November 7th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an “outperform” rating and set a $45.00 target price (up previously from $43.00) on shares of Camping World in a research report on Tuesday, October 31st. Bank of America lifted their target price on Camping World from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Finally, Monness Crespi & Hardt reaffirmed a “buy” rating and set a $47.00 target price (up previously from $40.00) on shares of Camping World in a research report on Tuesday, October 24th. Thirteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Camping World has an average rating of “Buy” and an average target price of $44.88.
Shares of Camping World (NYSE CWH) traded down $0.24 during trading on Friday, reaching $46.06. The company’s stock had a trading volume of 276,900 shares, compared to its average volume of 482,186. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.74. Camping World has a 12-month low of $26.30 and a 12-month high of $47.62. The firm has a market capitalization of $4,023.94, a PE ratio of 23.26, a PEG ratio of 1.22 and a beta of 3.90.
Camping World (NYSE:CWH) last announced its quarterly earnings data on Thursday, November 9th. The company reported $0.77 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.11. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s revenue for the quarter was up 25.0% compared to the same quarter last year. analysts expect that Camping World will post 2.29 earnings per share for the current fiscal year.
In related news, insider Brent L. Moody sold 35,254 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.46, for a total transaction of $1,426,376.84. Following the sale, the insider now directly owns 83,124 shares in the company, valued at approximately $3,363,197.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Roger L. Nuttall sold 63,567 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $39.15, for a total value of $2,488,648.05. Following the sale, the insider now owns 55,646 shares in the company, valued at $2,178,540.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,818,619 shares of company stock worth $316,452,240. Corporate insiders own 66.60% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its position in Camping World by 6.7% during the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock worth $103,000 after buying an additional 211 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Camping World by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,680 shares of the company’s stock worth $360,000 after buying an additional 463 shares in the last quarter. Rhumbline Advisers grew its position in Camping World by 17.4% during the second quarter. Rhumbline Advisers now owns 14,443 shares of the company’s stock worth $446,000 after buying an additional 2,145 shares in the last quarter. New York State Common Retirement Fund grew its position in Camping World by 20.4% during the second quarter. New York State Common Retirement Fund now owns 13,000 shares of the company’s stock worth $401,000 after buying an additional 2,199 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Camping World by 0.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 269,493 shares of the company’s stock worth $10,980,000 after purchasing an additional 2,362 shares in the last quarter. Institutional investors own 33.98% of the company’s stock.
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Camping World 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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