Camping World Holdings Inc. (CWH) Given New $48.00 Price Target at Bank of America Corp
Camping World Holdings Inc. (NYSE:CWH) had its price target boosted by stock analysts at Bank of America Corp from $42.00 to $48.00 in a research report issued on Tuesday. The firm presently has a “buy” rating on the stock. Bank of America Corp’s price target suggests a potential upside of 14.23% from the stock’s current price.
Other analysts have also recently issued research reports about the company. Credit Suisse Group restated 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. Forward View upgraded Camping World Holdings from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Monness Crespi & Hardt assumed coverage on Camping World Holdings in a report on Monday, August 7th. They issued a “buy” rating and a $40.00 price target for the company. BMO Capital Markets restated 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. Finally, Robert W. Baird restated a “buy” rating on shares of Camping World Holdings in a report on Thursday, September 21st. One analyst has rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $41.58.
Shares of Camping World Holdings (NYSE CWH) traded down 2.19% during midday trading on Tuesday, hitting $42.02. 864,798 shares of the company were exchanged. The company has a 50-day moving average price of $40.51 and a 200-day moving average price of $33.81. The stock’s market capitalization is $1.24 billion. Camping World Holdings has a 52-week low of $20.51 and a 52-week high of $45.84.
Camping World Holdings (NYSE:CWH) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.69 by $0.15. The company had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Camping World Holdings had a negative return on equity of 319.74% and a net margin of 2.51%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. On average, analysts forecast that Camping World Holdings will post $2.17 EPS for the current year.
In other news, insider Roger L. Nuttall sold 67,146 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $38.55, for a total transaction of $2,588,478.30. Following the completion of the sale, the insider now owns 79,259 shares in the company, valued at approximately $3,055,434.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas F. Wolfe sold 68,028 shares of the business’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $38.55, for a total value of $2,622,479.40. Following the sale, the chief financial officer now owns 79,733 shares of the company’s stock, valued at approximately $3,073,707.15. The disclosure for this sale can be found here. Insiders have sold a total of 1,275,475 shares of company stock valued at $50,438,085 in the last quarter. Company insiders own 66.60% of the company’s stock.
Several large investors have recently modified their holdings of CWH. Bamco Inc. NY grew its holdings in shares of Camping World Holdings by 93.7% during the 2nd quarter. Bamco Inc. NY now owns 2,130,600 shares of the company’s stock worth $65,729,000 after purchasing an additional 1,030,600 shares during the period. Citadel Advisors LLC grew its holdings in shares of Camping World Holdings by 347.5% during the 2nd quarter. Citadel Advisors LLC now owns 965,923 shares of the company’s stock worth $29,799,000 after purchasing an additional 750,059 shares during the period. Eagle Asset Management Inc. grew its holdings in shares of Camping World Holdings by 190.6% during the 2nd quarter. Eagle Asset Management Inc. now owns 1,098,018 shares of the company’s stock worth $33,873,000 after purchasing an additional 720,235 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of Camping World Holdings during the 2nd quarter worth about $17,892,000. Finally, Voya Investment Management LLC lifted its position in Camping World Holdings by 73.9% during the 2nd quarter. Voya Investment Management LLC now owns 1,104,837 shares of the company’s stock worth $34,084,000 after acquiring an additional 469,558 shares in the last quarter. Institutional investors and hedge funds own 31.59% of the company’s stock.
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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