Monness Crespi & Hardt Boosts Camping World (NYSE:CWH) Price Target to $30.00

Camping World (NYSE:CWH) had its price target hoisted by equities researchers at Monness Crespi & Hardt from $24.00 to $30.00 in a research report issued on Friday, Briefing.com reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price target points to a potential upside of 19.09% from the stock’s current price.

Several other research firms have also commented on CWH. KeyCorp reduced their target price on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Roth Mkm reduced their target price on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, Truist Financial lifted their price target on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Friday, September 20th. One analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.57.

Camping World Price Performance

NYSE:CWH opened at $25.19 on Friday. Camping World has a 52-week low of $16.18 and a 52-week high of $28.72. The stock has a fifty day moving average of $21.85 and a 200 day moving average of $21.72. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of -629.75 and a beta of 2.47.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the previous year, the company earned $0.60 EPS. Camping World’s quarterly revenue was down 5.3% on a year-over-year basis. On average, research analysts expect that Camping World will post -0.6 EPS for the current fiscal year.

Insider Buying and Selling at Camping World

In related news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,546,321.12. The sale was disclosed in a filing with the SEC, which is available through this link. 43.80% of the stock is currently owned by insiders.

Institutional Trading of Camping World

Several hedge funds and other institutional investors have recently bought and sold shares of CWH. Vanguard Group Inc. increased its stake in Camping World by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock worth $105,966,000 after purchasing an additional 122,856 shares during the period. SG Capital Management LLC bought a new position in Camping World in the 1st quarter worth about $3,889,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Camping World during the first quarter valued at approximately $9,403,000. Capital Research Global Investors grew its stake in Camping World by 31.2% in the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after purchasing an additional 513,320 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its position in Camping World by 4.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after purchasing an additional 1,323 shares in the last quarter. Hedge funds and other institutional investors own 52.54% of the company’s stock.

About Camping World

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.