Camping World (NYSE:CWH - Get Free Report) dropped 4% on Monday . The company traded as low as $17.67 and last traded at $17.65. Approximately 68,683 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 1,701,655 shares. The stock had previously closed at $18.38.
Wall Street Analyst Weigh In
CWH has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $23.00 to $21.00 in a research note on Thursday, May 1st. Monness Crespi & Hardt dropped their target price on shares of Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Citigroup reiterated a "buy" rating and issued a $23.00 price target (up previously from $21.00) on shares of Camping World in a research note on Monday, June 16th. Truist Financial lifted their target price on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, Robert W. Baird dropped their price target on Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $22.44.
Get Our Latest Analysis on CWH
Camping World Stock Up 0.6%
The firm has a market cap of $1.92 billion, a PE ratio of -40.89 and a beta of 1.86. The company has a 50-day simple moving average of $16.45 and a 200-day simple moving average of $18.24. The company has a debt-to-equity ratio of 3.53, a current ratio of 1.26 and a quick ratio of 0.19.
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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.23) by $0.07. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the business earned ($0.40) EPS. Camping World's revenue was up 3.6% compared to the same quarter last year. Analysts expect that Camping World will post -0.66 earnings per share for the current fiscal year.
Camping World Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.66%. The ex-dividend date was Friday, June 13th. Camping World's dividend payout ratio is presently -108.70%.
Institutional Investors Weigh In On Camping World
Several large investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. raised its stake in Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock worth $117,000 after buying an additional 1,390 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Camping World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,339 shares of the company's stock valued at $539,000 after acquiring an additional 1,401 shares in the last quarter. Rafferty Asset Management LLC increased its holdings in shares of Camping World by 9.3% in the 1st quarter. Rafferty Asset Management LLC now owns 18,779 shares of the company's stock valued at $303,000 after acquiring an additional 1,593 shares during the period. XTX Topco Ltd raised its position in shares of Camping World by 17.8% in the 4th quarter. XTX Topco Ltd now owns 16,373 shares of the company's stock worth $345,000 after acquiring an additional 2,470 shares in the last quarter. Finally, A&I Financial Services LLC raised its position in shares of Camping World by 11.3% in the 1st quarter. A&I Financial Services LLC now owns 25,302 shares of the company's stock worth $409,000 after acquiring an additional 2,567 shares in the last quarter. 52.54% of the stock is owned by hedge funds and other institutional investors.
About Camping World
(
Get Free Report)
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.
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