Camping World (NYSE:CWH) price target cut to $32.00 – MarketBeat | Gmx Pharm

Camping World (NYSE:CWH – Rating Received) Its price target was cut to $32.00 from $40.00 by investment analysts at Monness Crespi & Hardt in a report published Thursday, Briefing.com reports. The company currently has a buy rating on the stock. Monness Crespi & Hardt’s price target would suggest a potential upside of 46.05% from the stock’s current price.

Several other research companies have also recently issued reports on CWH. Truist Financial lowered its target price on Camping World to $26.00 in a report on Thursday, May 26. DA Davidson took over coverage of Camping World in a research note on Wednesday, April 13. They issued a “neutral” rating and a target price of $29.00 on the company. StockNews.com ran a report on Camping World on Thursday, March 31st. They gave the company a “hold” rating. TheStreet lowered Camping World from a “b-” rating to a “c+” rating in a research report on Monday 25 April. Finally, Raymond James lowered his price target on Camping World from $45.00 to $40.00 in a report on Wednesday, May 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Camping World currently has a consensus rating of Hold and an average target price of $37.50.

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NYSE:CWH shares rose $0.15 on Thursday afternoon to hit $21.91. The company had a trading volume of 10,899 shares compared to its average volume of 1,533,572. The company has a gearing ratio of 6.98, a current ratio of 1.33 and a quick ratio of 0.23. Camping World has a yearly low of $21.31 and a yearly high of $46.77. The stock’s 50-day moving average price is $26.22 and its 200-day moving average price is $30.64. The stock has a market cap of $1.82 billion, a P/E of 3.86, and a beta of 2.82.

Camping World (NYSE:CWH – Get Rating) last released its earnings results on Tuesday, May 3rd. The company reported earnings per share of $0.92 for the quarter, falling short of analyst consensus estimates of $1.22 ($0.30). Camping World had a net margin of 3.72% and a return on equity of 109.12%. The company had revenue of $1.66 billion in the quarter, compared to analyst estimates of $1.64 billion. In the same quarter last year, the company earned $1.40 per share. Camping World’s revenue for the quarter rose 6.7% year over year. As a group, sell-side analysts are forecasting Camping World to post year-to-date earnings per share of 4.9.

Also, CEO Marcus Lemonis purchased 38,350 shares of the company’s stock in a transaction on Friday, June 10. The stock was purchased at an average price of $26.36 per share for a total value of $1,010,906.00. Following the purchase, the Chief Executive Officer now directly owns 121,450 shares of the company, valued at approximately $3,201,422. The acquisition was disclosed in a filing with the SEC, available at this link. 47.50% of the shares are owned by insiders.

A number of institutional investors recently added to or reduced their holdings in the stock. Rise Advisors LLC bought a new position in Camping World valued at approximately $28,000 in Q4. Procyon Advisors LLC increased its holding in Camping World stock by 48.2% during the first quarter. Procyon Advisors LLC now owns 15,515 shares of the Company’s shares valued at $434,000, having purchased an additional 5,049 shares during the period. Belpointe Asset Management LLC increased its position in Camping World by 2.6% in the fourth quarter. Belpointe Asset Management LLC now owns 26,695 shares of the company’s stock valued at $1,078,000 after purchasing an additional 680 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Camping World shares by 14.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,109 shares of the company, valued at $408,000, after purchasing an additional 1,300 shares during the period. Finally, in Q4, the National Bank of Canada FI acquired a new stake in Camping World stock valued at approximately $61,000. Hedge funds and other institutional investors own 84.47% of the company’s shares.

Company profile of Camping World (received rating)

Camping World Holdings, Inc, through its subsidiaries, sells recreational vehicles (RVs) and related products and services. It operates through two segments, Good Sam Services and Plans; and RV and outdoor retail. The Company offers a portfolio of services, protection plans, products and resources in the RV industry.

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