Camping World (NYSE:CWH) had its price target upped by investment analysts at JPMorgan Chase & Co. from $40.00 to $44.00 in a report released on Wednesday, The Fly reports. The firm presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 44.12% from the company's current price.
CWH has been the subject of a number of other reports. ValuEngine cut shares of Camping World from a "buy" rating to a "hold" rating in a research report on Thursday, May 21st. Monness Crespi & Hardt increased their price objective on shares of Camping World from $33.00 to $49.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Truist reissued a "buy" rating and set a $38.00 target price on shares of Camping World in a research report on Wednesday. BMO Capital Markets raised their price target on shares of Camping World from $13.00 to $36.00 and gave the company a "market perform" rating in a report on Thursday, August 6th. Finally, TheStreet raised shares of Camping World from a "d" rating to a "c" rating in a research report on Thursday, August 6th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Camping World currently has a consensus rating of "Hold" and an average price target of $31.10.
Camping World stock traded down $2.55 during trading on Wednesday, reaching $30.53. The company had a trading volume of 181,958 shares, compared to its average volume of 2,126,076. Camping World has a 12-month low of $3.40 and a 12-month high of $42.49. The stock's 50 day moving average price is $33.67 and its two-hundred day moving average price is $21.13. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of -78.28, a PEG ratio of 0.45 and a beta of 3.83.
Camping World (NYSE:CWH) last released its quarterly earnings data on Wednesday, August 5th. The company reported $1.62 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $1.14. Camping World had a negative return on equity of 102.93% and a negative net margin of 0.19%. The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.36 billion. Equities analysts expect that Camping World will post 2.21 earnings per share for the current year.
In other news, CEO Marcus Lemonis acquired 3,080 shares of Camping World stock in a transaction that occurred on Monday, August 10th. The stock was purchased at an average price of $32.56 per share, with a total value of $100,284.80. Also, major shareholder Abrams Capital Management, L.P sold 500,000 shares of Camping World stock in a transaction on Thursday, July 16th. The shares were 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. In the last ninety days, insiders bought 57,415 shares of company stock valued at $1,808,475 and sold 6,512,073 shares valued at $226,191,418. Company insiders own 49.80% of the company's stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. boosted its position in Camping World by 5.5% during the second quarter. Wasatch Advisors Inc. now owns 4,121,599 shares of the company's stock valued at $111,943,000 after purchasing an additional 215,174 shares during the last quarter. Vanguard Group Inc. boosted its position in Camping World by 4.8% during the second quarter. Vanguard Group Inc. now owns 1,788,874 shares of the company's stock valued at $48,586,000 after purchasing an additional 81,444 shares during the last quarter. Morgan Stanley boosted its position in Camping World by 109.6% during the first quarter. Morgan Stanley now owns 810,478 shares of the company's stock valued at $4,612,000 after purchasing an additional 423,790 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Camping World by 25.4% during the 1st quarter. Deutsche Bank AG now owns 797,102 shares of the company's stock worth $4,536,000 after acquiring an additional 161,498 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Camping World by 0.9% during the 1st quarter. State Street Corp now owns 672,540 shares of the company's stock valued at $3,827,000 after acquiring an additional 6,044 shares during the last quarter. 39.26% of the stock is owned by hedge funds and other institutional investors.
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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