JPMorgan Chase & Co. Reaffirms Neutral Rating for Camping World (NYSE:CWH)

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of Camping World (NYSE:CWH) in a research note released on Monday morning, Benzinga reports. JPMorgan Chase & Co. currently has a $24.00 target price on the stock, down from their prior target price of $25.00.

Other research analysts have also recently issued research reports about the stock. Roth Mkm lowered their price target on shares of Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Truist Financial raised their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. KeyCorp decreased their price objective on Camping World from $26.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, August 2nd. Finally, Monness Crespi & Hardt raised their target price on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.29.

Camping World Stock Up 1.6 %

Shares of NYSE CWH opened at $21.16 on Monday. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. The company has a 50-day moving average of $22.70 and a 200 day moving average of $21.25. Camping World has a 12-month low of $16.18 and a 12-month high of $28.72. The stock has a market cap of $1.79 billion, a PE ratio of -529.00 and a beta of 2.47.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. Camping World’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.60 EPS. As a group, sell-side analysts predict that Camping World will post -0.6 EPS for the current fiscal year.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.36%. Camping World’s payout ratio is presently -1,250.00%.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 43.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd purchased a new position in Camping World in the 2nd quarter valued at approximately $50,000. Russell Investments Group Ltd. boosted its holdings in Camping World by 6,495.0% in the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after purchasing an additional 3,897 shares during the period. nVerses Capital LLC acquired a new position in Camping World during the 3rd quarter worth $191,000. Telos Capital Management Inc. purchased a new stake in Camping World during the 2nd quarter worth about $196,000. Finally, ProShare Advisors LLC acquired a new stake in Camping World in the 1st quarter valued at about $209,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

Camping World Company Profile

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.