Bank of America Corporation Boosts Camping World Holdings Inc. (CWH) Price Target to $48.00

Camping World Holdings Inc. (NYSE:CWH) had its target price hoisted by Bank of America Corporation from $42.00 to $48.00 in a research report sent to investors on Tuesday morning. They currently have a buy rating on the stock.

Several other research firms also recently commented on CWH. Credit Suisse Group reissued an outperform rating and issued a $45.00 target price (up previously from $43.00) on shares of Camping World Holdings in a report on Tuesday. Monness Crespi & Hardt reissued a buy rating and issued a $47.00 target price (up previously from $40.00) on shares of Camping World Holdings in a report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Camping World Holdings from a buy rating to a hold rating in a report on Monday, October 16th. Stephens boosted their target price on shares of Camping World Holdings from $44.00 to $50.00 and gave the stock an overweight rating in a report on Monday. Finally, BMO Capital Markets reissued an outperform rating and issued a $53.00 target price (up previously from $40.00) on shares of Camping World Holdings in a report on Monday. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Camping World Holdings has an average rating of Buy and an average target price of $41.88.

Camping World Holdings (NYSE CWH) traded up $0.41 during mid-day trading on Tuesday, hitting $42.70. 1,144,704 shares of the stock traded hands, compared to its average volume of 823,882. The stock has a market capitalization of $3.69 billion and a PE ratio of 18.37.

Camping World Holdings (NYSE:CWH) last released its earnings results on Thursday, August 10th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.69 by $0.15. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. analysts anticipate that Camping World Holdings will post 2.14 earnings per share for the current fiscal year.

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In related news, Director Crestview Partners Ii Gp, L.P. sold 863,104 shares of the company’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 $34,955,712.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Thomas F. Wolfe sold 68,028 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $38.55, for a total transaction of $2,622,479.40. Following the sale, the chief financial officer now directly owns 79,733 shares in the company, valued at approximately $3,073,707.15. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,239,274 shares of company stock worth $332,471,945. 66.60% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in CWH. Legal & General Group Plc increased its position in Camping World Holdings by 6.7% during the second quarter. Legal & General Group Plc now owns 3,353 shares of the company’s stock valued at $103,000 after acquiring an additional 211 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Camping World Holdings by 4.1% during the second quarter. The Manufacturers Life Insurance Company now owns 11,680 shares of the company’s stock valued at $360,000 after acquiring an additional 463 shares during the last quarter. Nationwide Fund Advisors increased its position in Camping World Holdings by 16.0% during the first quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock valued at $232,000 after acquiring an additional 993 shares during the last quarter. Rhumbline Advisers increased its position in Camping World Holdings by 17.4% during the second quarter. Rhumbline Advisers now owns 14,443 shares of the company’s stock valued at $446,000 after acquiring an additional 2,145 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in Camping World Holdings by 20.4% during the second quarter. New York State Common Retirement Fund now owns 13,000 shares of the company’s stock valued at $401,000 after acquiring an additional 2,199 shares during the last quarter. 31.59% of the stock is currently 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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