A number of other analysts have also recently weighed in on the company. Zacks Investment Research upgraded Camping World from a strong sell rating to a hold rating in a research note on Monday, August 6th. ValuEngine cut Camping World from a strong-buy rating to a buy rating in a research note on Thursday, April 12th. KeyCorp cut their price target on Camping World from $52.00 to $38.00 and set an overweight rating on the stock in a research note on Wednesday, May 9th. BMO Capital Markets cut their price target on Camping World from $62.00 to $42.00 and set an outperform rating on the stock in a research note on Wednesday, May 9th. Finally, Robert W. Baird cut their price target on Camping World from $52.00 to $35.00 and set an in-line rating on the stock in a research note on Wednesday, May 9th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Buy and an average price target of $40.45.
Shares of Camping World traded down $1.24, hitting $19.67, during mid-day trading on Thursday, according to MarketBeat.com. The company had a trading volume of 1,782,002 shares, compared to its average volume of 1,767,034. The stock has a market cap of $1.83 billion, a P/E ratio of 8.59, a PEG ratio of 0.70 and a beta of 1.75. The company has a current ratio of 1.47, a quick ratio of 0.38 and a debt-to-equity ratio of 13.09. Camping World has a 1-year low of $18.16 and a 1-year high of $47.62.
Camping World (NYSE:CWH) last announced its quarterly earnings data on Tuesday, August 7th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.10). The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.48 billion. Camping World had a negative net margin of 0.30% and a positive return on equity of 224.37%. equities analysts forecast that Camping World will post 2.47 EPS for the current fiscal year.
In other news, insider Marcus Lemonis acquired 8,000 shares of the company’s stock in a transaction on Wednesday, May 16th. The shares were bought at an average price of $22.11 per share, with a total value of $176,880.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kent Dillon Schickli acquired 25,000 shares of the company’s stock in a transaction on Thursday, May 24th. The shares were purchased at an average cost of $19.96 per share, for a total transaction of $499,000.00. Following the acquisition, the director now owns 37,974 shares of the company’s stock, valued at approximately $757,961.04. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 48,000 shares of company stock worth $997,280. 49.20% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the business. Third Point LLC purchased a new position in shares of Camping World during the second quarter worth about $70,568,000. BlackRock Inc. grew its holdings in shares of Camping World by 11.5% during the second quarter. BlackRock Inc. now owns 2,137,450 shares of the company’s stock worth $53,393,000 after purchasing an additional 220,247 shares during the last quarter. Wasatch Advisors Inc. purchased a new position in shares of Camping World during the second quarter worth about $49,535,000. Millennium Management LLC grew its holdings in shares of Camping World by 62.0% during the first quarter. Millennium Management LLC now owns 1,510,351 shares of the company’s stock worth $48,709,000 after purchasing an additional 578,046 shares during the last quarter. Finally, Eagle Asset Management Inc. grew its holdings in shares of Camping World by 36.7% during the second quarter. Eagle Asset Management Inc. now owns 1,468,105 shares of the company’s stock worth $36,673,000 after purchasing an additional 393,849 shares during the last quarter. 45.05% of the stock is currently owned by institutional investors.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides 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.
Further Reading: Price to Earnings Ratio (PE) Basics
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