Camping World Holdings Inc. (NYSE:CWH) had its price objective upped by Bank of America Corporation from $48.00 to $49.00 in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Bank of America Corporation’s price objective would indicate a potential upside of 16.67% from the stock’s previous close.
A number of other brokerages have also weighed in on CWH. Forward View reissued a “buy” rating and issued a $45.00 price target on shares of Camping World Holdings in a report on Monday. Wells Fargo & Company reissued an “outperform” rating and issued a $48.00 price target (up previously from $37.00) on shares of Camping World Holdings in a report on Tuesday, November 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Camping World Holdings from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, November 1st. Credit Suisse Group reissued an “outperform” rating and issued a $45.00 price target (up previously from $43.00) on shares of Camping World Holdings in a report on Tuesday, October 31st. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $53.00 price target (up previously from $40.00) on shares of Camping World Holdings in a report on Monday, October 30th. Thirteen equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Camping World Holdings presently has an average rating of “Buy” and a consensus target price of $44.11.
Camping World Holdings (NYSE CWH) traded up $0.46 during trading hours on Tuesday, hitting $42.00. 1,057,600 shares of the stock were exchanged, compared to its average volume of 468,910. Camping World Holdings has a 52 week low of $23.44 and a 52 week high of $45.84. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 2.74. The company has a market capitalization of $3,628.89 and a PE ratio of 19.50.
Camping World Holdings (NYSE:CWH) last posted its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. Camping World Holdings had a net margin of 1.20% and a return on equity of 116.85%. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the previous year, the company posted $0.53 earnings per share. Camping World Holdings’s quarterly revenue was up 25.0% compared to the same quarter last year. analysts anticipate that Camping World Holdings will post 2.29 earnings per share for the current fiscal year.
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In other news, Director Crestview Partners Ii Gp, L.P. sold 6,000,000 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $40.50, for a total value of $243,000,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marcus Lemonis sold 100,695 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $40.50, for a total transaction of $4,078,147.50. The disclosure for this sale can be found here. Insiders have sold a total of 8,239,274 shares of company stock valued at $332,471,945 in the last ninety days. Company insiders own 66.60% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Legal & General Group Plc grew its holdings in shares of Camping World Holdings by 6.7% in the 2nd quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after buying an additional 211 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Camping World Holdings in the 2nd quarter valued at $111,000. Sawgrass Asset Management LLC acquired a new position in shares of Camping World Holdings in the 3rd quarter valued at $203,000. Affinity Investment Advisors LLC acquired a new position in shares of Camping World Holdings in the 2nd quarter valued at $208,000. Finally, American International Group Inc. acquired a new position in shares of Camping World Holdings in the 1st quarter valued at $233,000. 31.38% of the stock is owned by 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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