Brokerages Set Camping World (NYSE:CWH) Target Price at $21.44

Key Points

• Camping World (NYSE:CWH) has received a consensus recommendation of "Moderate Buy" from ten research firms, with an average price target of $21.44.
• The company reported earnings of $0.57 per share for the last quarter, which was below the consensus estimate, despite revenue increasing by 9.4% year-over-year.
• Camping World recently declared a quarterly dividend of $0.125, resulting in an annualized yield of 3.4%, although the company has a negative dividend payout ratio.

Shares of Camping World (NYSE:CWH - Get Free Report) have earned a consensus rating of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.4444.

Several equities analysts have commented on CWH shares. Robert W. Baird dropped their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating on the stock in a research report on Thursday, May 1st. Monness Crespi & Hardt lowered their price target on shares of Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. KeyCorp reaffirmed an "overweight" rating and issued a $18.00 price target (up previously from $16.00) on shares of Camping World in a report on Friday, May 23rd. Finally, Truist Financial lifted their price target on shares of Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd.

Camping World Stock Performance

Shares of Camping World stock traded up $1.37 during mid-day trading on Friday, hitting $17.95. 2,040,688 shares of the stock were exchanged, compared to its average volume of 2,245,026. Camping World has a 12 month low of $11.17 and a 12 month high of $25.97. The company has a 50-day simple moving average of $17.48 and a 200 day simple moving average of $17.26. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.24 and a current ratio of 1.26. The company has a market capitalization of $1.83 billion, a P/E ratio of -89.75 and a beta of 1.76.

Camping World (NYSE:CWH - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.01). Camping World had a negative return on equity of 2.81% and a negative net margin of 0.13%. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same period in the prior year, the business earned $0.38 EPS. Camping World's quarterly revenue was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Camping World will post -0.66 earnings per share for the current fiscal year.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.8%. Camping World's dividend payout ratio is presently -250.00%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CWH. Hood River Capital Management LLC purchased a new position in Camping World in the fourth quarter worth $62,142,000. Alyeska Investment Group L.P. purchased a new stake in Camping World during the fourth quarter valued at about $33,698,000. Interval Partners LP boosted its position in Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company's stock valued at $60,623,000 after buying an additional 1,202,258 shares during the period. Capital Research Global Investors boosted its position in Camping World by 39.8% during the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company's stock valued at $72,151,000 after buying an additional 975,168 shares during the period. Finally, SG Capital Management LLC purchased a new stake in Camping World during the fourth quarter valued at about $19,732,000. 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.