Robert W. Baird Issues Pessimistic Forecast for Camping World (NYSE:CWH) Stock Price

Camping World (NYSE:CWH - Free Report) had its price target lowered by Robert W. Baird from $18.00 to $15.00 in a research report report published on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also commented on CWH. JPMorgan Chase & Co. raised Camping World from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $23.00 to $21.00 in a research note on Thursday. KeyCorp dropped their target price on shares of Camping World from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Monness Crespi & Hardt reduced 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 report on Thursday. Truist Financial lowered their price objective on shares of Camping World from $28.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.63.

Camping World Trading Up 4.7 %

CWH stock traded up $0.62 during midday trading on Thursday, hitting $13.87. The company had a trading volume of 2,644,962 shares, compared to its average volume of 1,396,395. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -20.10, a PEG ratio of 0.92 and a beta of 2.13. Camping World has a 52 week low of $11.17 and a 52 week high of $25.97. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The stock's 50 day moving average price is $15.27 and its 200 day moving average price is $20.02.

Camping World (NYSE:CWH - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.23) by $0.07. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The company's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.40) EPS. As a group, equities research 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 announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Friday, March 14th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 3.60%. The ex-dividend date was Friday, March 14th. Camping World's dividend payout ratio (DPR) is -108.70%.

Insider Transactions at Camping World

In other news, President Matthew D. Wagner purchased 5,725 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $17.61 per share, for a total transaction of $100,817.25. Following the purchase, the president now directly owns 300,640 shares in the company, valued at approximately $5,294,270.40. This trade represents a 1.94 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 35.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CWH. Blue Trust Inc. increased its position in shares of Camping World by 195.0% during the fourth quarter. Blue Trust Inc. now owns 1,534 shares of the company's stock valued at $32,000 after acquiring an additional 1,014 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in Camping World during the 1st quarter valued at $44,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Camping World in the 4th quarter worth $63,000. Sandia Investment Management LP purchased a new position in shares of Camping World in the fourth quarter worth $105,000. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock valued at $117,000 after purchasing an additional 1,390 shares in the last quarter. 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.