Camping World Holdings Inc. (CWH) Reaches New 52-Week High After Analyst Upgrade
Shares of Camping World Holdings Inc. (NYSE:CWH) reached a new 52-week high during mid-day trading on Wednesday after Credit Suisse Group raised their price target on the stock from $39.93 to $43.00. Credit Suisse Group currently has an outperform rating on the stock. Camping World Holdings traded as high as $40.11 and last traded at $40.07, with a volume of 505,824 shares changing hands. The stock had previously closed at $38.21.
A number of other research firms have also recently commented on CWH. Robert W. Baird reiterated a “buy” rating on shares of Camping World Holdings in a report on Thursday, September 21st. Zacks Investment Research upgraded Camping World Holdings from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Monday, September 11th. ValuEngine upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a report on Friday, September 1st. KeyCorp reiterated a “buy” rating and set a $42.00 price target on shares of Camping World Holdings in a report on Thursday, August 31st. Finally, Forward View upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Thirteen investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $37.21.
In related news, insider Brent L. Moody sold 4,770 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $30.06, for a total value of $143,386.20. Following the completion of the sale, the insider now directly owns 71,716 shares in the company, valued at $2,155,782.96. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brent L. Moody sold 4,080 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $30.67, for a total value of $125,133.60. Following the completion of the sale, the insider now owns 71,716 shares of the company’s stock, valued at $2,199,529.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 833,000 shares of company stock valued at $29,930,320. 66.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of the stock. Legal & General Group Plc boosted its stake in shares of Camping World Holdings by 6.7% in the second 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. The Manufacturers Life Insurance Company raised 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 purchasing an additional 463 shares in the last quarter. Nationwide Fund Advisors raised 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 purchasing an additional 993 shares in the last quarter. Rhumbline Advisers raised 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 purchasing an additional 2,145 shares in the last quarter. Finally, New York State Common Retirement Fund raised 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 purchasing an additional 2,199 shares in the last quarter. Institutional investors and hedge funds own 31.40% of the company’s stock.
The company’s 50-day moving average is $38.82 and its 200 day moving average is $38.82. The stock’s market capitalization is $1.18 billion.
Camping World Holdings (NYSE:CWH) last announced its quarterly earnings results on Thursday, August 10th. The company reported $0.84 EPS for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. Analysts anticipate that Camping World Holdings Inc. will post $2.12 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 15th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, September 14th. Camping World Holdings’s payout ratio is 14.29%.
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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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