Camping World (CWH) Given New $28.00 Price Target at Wells Fargo & Co

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Camping World (NYSE:CWH) had its price target decreased by Wells Fargo & Co from $33.00 to $28.00 in a report published on Wednesday, The Fly reports. Wells Fargo & Co currently has an outperform rating on the stock.

CWH has been the subject of several other research reports. Northcoast Research set a $28.00 price target on shares of Camping World and gave the stock a buy rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered shares of Camping World from a hold rating to a strong sell rating in a research note on Tuesday, July 10th. ValuEngine upgraded shares of Camping World from a strong sell rating to a sell rating in a research note on Wednesday, October 17th. Monness Crespi & Hardt decreased their price target on shares of Camping World from $35.00 to $30.00 and set a buy rating for the company in a research note on Wednesday. Finally, JPMorgan Chase & Co. decreased their price target on shares of Camping World from $42.00 to $36.00 and set an overweight rating for the company in a research note on Wednesday, August 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $37.92.

Shares of CWH stock traded up $0.40 during trading hours on Wednesday, hitting $18.59. 30,071 shares of the company were exchanged, compared to its average volume of 1,012,471. The company has a quick ratio of 0.35, a current ratio of 1.43 and a debt-to-equity ratio of 9.93. Camping World has a 52-week low of $16.40 and a 52-week high of $47.62. The firm has a market cap of $1.67 billion, a P/E ratio of 8.10, a PEG ratio of 0.72 and a beta of 1.91.

Camping World (NYSE:CWH) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.49 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.13). Camping World had a positive return on equity of 163.37% and a negative net margin of 0.42%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. As a group, equities analysts expect that Camping World will post 2.26 EPS for the current year.

In other Camping World news, CEO Marcus Lemonis acquired 25,000 shares of Camping World stock in a transaction that occurred on Friday, September 14th. The stock was acquired at an average cost of $19.74 per share, for a total transaction of $493,500.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 49.20% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Ronna Sue Cohen purchased a new position in Camping World in the 3rd quarter valued at approximately $1,302,000. Swiss National Bank grew its position in shares of Camping World by 13.4% during the 2nd quarter. Swiss National Bank now owns 60,200 shares of the company’s stock valued at $1,504,000 after purchasing an additional 7,100 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Camping World by 2.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 184,431 shares of the company’s stock valued at $4,608,000 after purchasing an additional 4,392 shares in the last quarter. Rothschild Asset Management Inc. grew its position in shares of Camping World by 2.8% during the 2nd quarter. Rothschild Asset Management Inc. now owns 517,128 shares of the company’s stock valued at $12,918,000 after purchasing an additional 14,161 shares in the last quarter. Finally, Strs Ohio grew its position in shares of Camping World by 27.6% during the 3rd quarter. Strs Ohio now owns 670,000 shares of the company’s stock valued at $14,284,000 after purchasing an additional 145,000 shares in the last quarter. Institutional investors and hedge funds own 54.41% of the company’s stock.

Camping World Company Profile

Camping World Holdings, Inc, through its subsidiaries, provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts. The company operates through Consumer Services and Plans, and Retail segments. It provides 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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