Camping World (CWH) Earns Buy Rating from Robert W. Baird

Robert W. Baird reissued their buy rating on shares of Camping World (NYSE:CWH) in a research note issued to investors on Friday. Robert W. Baird currently has a $50.00 target price on the stock.

Several other research firms have also weighed in on CWH. BMO Capital Markets reissued an outperform rating and set a $53.00 price objective (up from $40.00) on shares of Camping World in a research note on Monday, October 30th. ValuEngine lowered Camping World from a buy rating to a hold rating in a research note on Monday, October 2nd. Credit Suisse Group reissued a buy rating on shares of Camping World in a research note on Sunday, October 1st. Zacks Investment Research lowered Camping World from a buy rating to a hold rating in a research note on Monday, October 16th. Finally, Bank of America raised their target price on Camping World from $42.00 to $48.00 and gave the stock a buy rating in a research report on Tuesday, October 31st. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $44.88.

Camping World (NYSE:CWH) traded down $0.24 on Friday, reaching $46.06. The company had a trading volume of 276,900 shares, compared to its average volume of 482,186. Camping World has a 12-month low of $26.30 and a 12-month high of $47.62. The company has a current ratio of 1.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.74. The firm has a market cap of $4,023.94, a PE ratio of 23.26, a P/E/G ratio of 1.22 and a beta of 3.90.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.11. Camping World had a return on equity of 116.85% and a net margin of 1.20%. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 25.0% on a year-over-year basis. equities analysts predict that Camping World will post 2.29 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a yield of 0.69%. Camping World’s dividend payout ratio (DPR) is currently 16.16%.

In other news, CFO Thomas F. Wolfe sold 42,183 shares of Camping World stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $38.15, for a total value of $1,609,281.45. Following the transaction, the chief financial officer now directly owns 59,961 shares in the company, valued at $2,287,512.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marcus Lemonis sold 700,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $40.50, for a total value of $28,350,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,818,619 shares of company stock worth $316,452,240. Corporate insiders own 66.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bamco Inc. NY boosted its holdings in Camping World by 9.6% during the third quarter. Bamco Inc. NY now owns 2,335,600 shares of the company’s stock valued at $95,152,000 after purchasing an additional 205,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Camping World in the 3rd quarter worth approximately $697,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Camping World by 75.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,458 shares of the company’s stock worth $752,000 after acquiring an additional 7,943 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Camping World in the 3rd quarter worth approximately $1,368,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of Camping World by 96.2% in the 3rd quarter. Engineers Gate Manager LP now owns 65,826 shares of the company’s stock worth $2,682,000 after acquiring an additional 32,276 shares in the last quarter. 33.98% of the stock is currently owned by institutional investors.

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Camping World 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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