Camping World (NYSE:CWH) Given New $20.00 Price Target at Truist Financial

Camping World (NYSE:CWH - Free Report) had its target price hoisted by Truist Financial from $16.00 to $20.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also recently commented on CWH. Citigroup increased their target price on Camping World from $16.00 to $21.00 and gave the company a "buy" rating in a report on Friday, May 16th. Robert W. Baird dropped their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a report on Thursday, May 1st. JPMorgan Chase & Co. raised shares of Camping World from a "neutral" rating to an "overweight" rating and decreased their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 1st. Monness Crespi & Hardt decreased their price target on shares of Camping World from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Finally, KeyCorp reissued an "overweight" rating and issued a $18.00 price target (up from $16.00) on shares of Camping World in a research note on Friday, May 23rd. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $22.22.

Camping World Price Performance

Camping World stock traded up $0.17 during mid-day trading on Tuesday, reaching $17.70. 1,993,386 shares of the company's stock traded hands, compared to its average volume of 1,597,579. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -25.65, a PEG ratio of 0.92 and a beta of 2.13. The stock has a 50 day moving average of $14.58 and a two-hundred day moving average of $19.04. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. Camping World has a 12-month low of $11.17 and a 12-month high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, topping analysts' consensus estimates of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The company had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted ($0.40) EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. Equities analysts forecast that Camping World will post -0.66 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Friday, June 13th. Camping World's payout ratio is currently -108.70%.

Institutional Trading of Camping World

A number of institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Camping World by 96.9% during the third quarter. Barclays PLC now owns 317,052 shares of the company's stock worth $7,678,000 after acquiring an additional 156,055 shares during the period. Blue Trust Inc. grew its holdings in Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock worth $32,000 after acquiring an additional 1,014 shares during the period. Econ Financial Services Corp acquired a new position in Camping World during the fourth quarter worth $1,070,000. Telos Capital Management Inc. boosted its position in Camping World by 36.4% during the fourth quarter. Telos Capital Management Inc. now owns 15,000 shares of the company's stock worth $316,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Camping World by 20.9% during the fourth quarter. Rhumbline Advisers now owns 70,867 shares of the company's stock worth $1,494,000 after purchasing an additional 12,266 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other 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.