Camping World (NYSE:CWH) had its price objective lifted by JPMorgan Chase & Co. from $19.00 to $22.00 in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. They currently have a neutral rating on the stock.
Other analysts have also recently issued reports about the stock. Stephens boosted their price objective on shares of Camping World from $21.00 to $29.00 and gave the stock an overweight rating in a research note on Tuesday, June 2nd. Northcoast Research lowered Camping World from a buy rating to a neutral rating in a research note on Wednesday, April 8th. ValuEngine lowered shares of Camping World from a buy rating to a hold rating in a research note on Thursday, May 21st. Zacks Investment Research lowered shares of Camping World from a hold rating to a sell rating in a report on Tuesday, July 21st. Finally, BMO Capital Markets raised their price objective on shares of Camping World from $8.50 to $13.00 and gave the stock a market perform rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $18.00.
Shares of NYSE CWH opened at $36.62 on Wednesday. The company has a market cap of $3.23 billion, a price-to-earnings ratio of -24.91 and a beta of 4.09. Camping World has a 12-month low of $3.40 and a 12-month high of $39.24. The stock’s 50 day simple moving average is $29.56 and its 200 day simple moving average is $17.08.
Camping World (NYSE:CWH) last issued its earnings results on Thursday, May 7th. The company reported ($0.11) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.05. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $976.54 million. During the same quarter in the previous year, the business posted ($0.67) earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. Equities research analysts forecast that Camping World will post 0.31 earnings per share for the current year.
In other news, CEO Marcus Lemonis acquired 2,444 shares of Camping World stock in a transaction on Thursday, May 21st. The stock was acquired at an average cost of $20.48 per share, with a total value of $50,053.12. Following the completion of the acquisition, the chief executive officer now owns 409,948 shares in the company, valued at $8,395,735.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Abrams Capital Management, L.P sold 500,000 shares of the firm’s stock in a transaction on Thursday, July 16th. The stock was sold at an average price of $35.13, for a total value of $17,565,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have bought 41,419 shares of company stock valued at $883,096. 49.80% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of CWH. Monarch Partners Asset Management LLC bought a new position in Camping World during the second quarter worth about $3,045,000. Premier Asset Management LLC purchased a new position in Camping World in the 2nd quarter valued at approximately $536,000. Howard Financial Services LTD. bought a new stake in Camping World during the 2nd quarter valued at $815,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Camping World by 71.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,493 shares of the company’s stock worth $95,000 after acquiring an additional 1,452 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of Camping World in the second quarter worth $650,000. Hedge funds and other institutional investors own 38.53% of the company’s stock.
Camping World Company Profile
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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