Raymond James Financial Cuts Camping World (NYSE:CWH) Price Target to $15.00

Camping World (NYSE:CWH) had its price target cut by Raymond James Financial from $18.00 to $15.00 in a research report report published on Thursday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other brokerages also recently issued reports on CWH. BMO Capital Markets reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Camping World in a research report on Thursday. KeyCorp reduced their price objective on shares of Camping World from $21.00 to $18.00 and set an “overweight” rating for the company in a research report on Thursday. Citigroup upped their price objective on shares of Camping World from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Camping World in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Camping World from a “strong sell” rating to a “hold” rating in a research report on Friday, September 5th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.70.

Camping World Trading Up 6.3%

NYSE:CWH opened at $13.22 on Thursday. Camping World has a one year low of $11.17 and a one year high of $25.97. The company has a debt-to-equity ratio of 3.12, a current ratio of 1.26 and a quick ratio of 0.24. The firm has a 50-day moving average of $16.31 and a 200-day moving average of $16.42. The company has a market cap of $1.35 billion, a PE ratio of -14.21 and a beta of 1.94.

Camping World (NYSE:CWH) last issued its quarterly earnings data on Tuesday, October 28th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.10. Camping World had a negative net margin of 0.85% and a positive return on equity of 3.79%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.75 billion. During the same period in the prior year, the firm posted $0.17 EPS. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts expect that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 15th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, September 15th. Camping World’s payout ratio is presently -53.76%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWH. Vanguard Group Inc. lifted its stake in shares of Camping World by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 6,034,743 shares of the company’s stock valued at $97,521,000 after buying an additional 247,134 shares in the last quarter. Eminence Capital LP lifted its stake in shares of Camping World by 123.3% during the 2nd quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock valued at $71,076,000 after buying an additional 2,283,331 shares in the last quarter. Balyasny Asset Management L.P. lifted its stake in shares of Camping World by 18.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,221,271 shares of the company’s stock valued at $55,374,000 after buying an additional 490,245 shares in the last quarter. Crestview Partners II GP L.P. lifted its stake in shares of Camping World by 0.4% during the 2nd quarter. Crestview Partners II GP L.P. now owns 1,921,246 shares of the company’s stock valued at $33,026,000 after buying an additional 6,913 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Camping World by 8.2% during the 2nd quarter. Qube Research & Technologies Ltd now owns 1,428,901 shares of the company’s stock valued at $24,563,000 after buying an additional 108,565 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.