Camping World (NYSE:CWH) Price Target Cut to $24.00 by Analysts at Monness Crespi & Hardt

Camping World (NYSE:CWH) had its price target trimmed by Monness Crespi & Hardt from $29.00 to $24.00 in a report released on Wednesday, MarketBeat reports. The brokerage currently has a buy rating on the stock.

A number of other research firms also recently weighed in on CWH. StockNews.com downgraded shares of Camping World from a hold rating to a sell rating in a research report on Friday, May 10th. Roth Mkm reissued a buy rating and set a $28.00 target price (down previously from $30.00) on shares of Camping World in a research report on Friday, May 3rd. KeyCorp decreased their target price on shares of Camping World from $30.00 to $26.00 and set an overweight rating for the company in a research report on Friday, May 3rd. Finally, Truist Financial decreased their target price on shares of Camping World from $30.00 to $28.00 and set a buy rating for the company in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Camping World currently has a consensus rating of Moderate Buy and an average target price of $29.10.

Camping World Stock Performance

Camping World stock opened at $17.96 on Wednesday. The business has a 50 day moving average of $20.13 and a 200-day moving average of $23.81. Camping World has a 1 year low of $16.18 and a 1 year high of $32.88. The company has a debt-to-equity ratio of 11.24, a current ratio of 1.19 and a quick ratio of 0.17. The company has a market capitalization of $1.52 billion, a P/E ratio of -449.00 and a beta of 2.57.

Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.45) by ($0.01). Camping World had a net margin of 0.09% and a negative return on equity of 2.39%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.43 billion. On average, equities research analysts predict that Camping World will post 0.83 earnings per share for the current year.

Camping World Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, June 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, June 13th. Camping World’s dividend payout ratio is currently -1,250.00%.

Hedge Funds Weigh In On Camping World

Large investors have recently modified their holdings of the company. ICA Group Wealth Management LLC bought a new position in shares of Camping World in the 4th quarter worth $35,000. Russell Investments Group Ltd. lifted its holdings in shares of Camping World by 6,495.0% in the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after purchasing an additional 3,897 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Camping World in the 4th quarter worth $172,000. SG Americas Securities LLC bought a new position in shares of Camping World in the 4th quarter worth $207,000. Finally, ProShare Advisors LLC bought a new position in Camping World during the 1st quarter valued at $209,000. 52.54% of the stock is currently owned by institutional investors.

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.