Camping World Holdings Inc. (CWH) Rating Increased to Overweight at J P Morgan Chase & Co
Camping World Holdings Inc. (NYSE:CWH) was upgraded by stock analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday, Marketbeat reports. The firm presently has a $38.00 price target on the stock, up from their previous price target of $37.00. J P Morgan Chase & Co’s price objective would suggest a potential upside of 19.57% from the stock’s previous close.
A number of other brokerages have also commented on CWH. Zacks Investment Research raised shares of Camping World Holdings from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Tuesday, April 11th. Forward View reaffirmed a “hold” rating on shares of Camping World Holdings in a report on Wednesday, March 29th. Credit Suisse Group reaffirmed an “outperform” rating and set a $36.00 target price on shares of Camping World Holdings in a report on Friday, June 2nd. Wells Fargo & Company raised shares of Camping World Holdings from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Tuesday, May 30th. Finally, ValuEngine raised shares of Camping World Holdings from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $32.68.
Shares of Camping World Holdings (NYSE:CWH) traded up 0.03% during midday trading on Thursday, reaching $31.79. 42,057 shares of the company’s stock traded hands. Camping World Holdings has a 12 month low of $20.45 and a 12 month high of $36.60. The firm’s market cap is $613.61 million. The stock has a 50-day moving average price of $28.95 and a 200 day moving average price of $31.24.
Camping World Holdings (NYSE:CWH) last posted its earnings results on Thursday, May 4th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.03. The firm had revenue of $883.80 million during the quarter, compared to analysts’ expectations of $845.69 million. The company’s revenue was up 10.8% on a year-over-year basis. Equities research analysts predict that Camping World Holdings will post $1.82 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Friday, June 16th were paid a $0.153 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.93%.
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In related news, insider Brent L. Moody sold 5,553 shares of the business’s stock in a transaction that occurred on Wednesday, July 12th. The shares were sold at an average price of $30.12, for a total transaction of $167,256.36. Following the completion of the sale, the insider now directly owns 65,553 shares in the company, valued at $1,974,456.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Brent L. Moody sold 1,200 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $32.01, for a total transaction of $38,412.00. Following the sale, the insider now owns 900 shares of the company’s stock, valued at $28,809. The disclosure for this sale can be found here. Insiders sold 6,502,956 shares of company stock valued at $181,022,922 over the last quarter. Company insiders own 66.60% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in CWH. Koch Industries Inc. purchased a new position in Camping World Holdings during the first quarter worth $249,000. Highbridge Capital Management LLC bought a new position in Camping World Holdings during the first quarter worth approximately $2,660,000. GSA Capital Partners LLP bought a new position in Camping World Holdings during the fourth quarter worth approximately $362,000. Metropolitan Life Insurance Co. NY bought a new position in Camping World Holdings during the fourth quarter worth approximately $393,000. Finally, Nationwide Fund Advisors boosted its position in Camping World Holdings by 16.0% in the first quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock worth $232,000 after buying an additional 993 shares during the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.
Camping World Holdings Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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