Analysts at Northcoast Research began coverage on shares of Camping World (NYSE:CWH) in a research report issued on Friday, The Fly reports. The firm set a “buy” rating and a $15.00 price target on the stock. Northcoast Research’s target price suggests a potential upside of 22.85% from the company’s current price.
A number of other analysts have also recently issued reports on the company. Bank of America cut Camping World from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $15.00 to $13.00 in a research report on Thursday, May 9th. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $19.00 price objective (down from $24.00) on shares of Camping World in a research report on Monday, March 4th. BMO Capital Markets cut their price objective on Camping World from $36.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, March 15th. Credit Suisse Group cut Camping World from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $41.80 to $18.50 in a report on Friday, March 1st. Finally, Goldman Sachs Group cut Camping World from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $15.00 in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Camping World has an average rating of “Hold” and a consensus target price of $18.93.
NYSE CWH traded down $0.05 during trading hours on Friday, hitting $12.21. 3,130 shares of the company traded hands, compared to its average volume of 750,242. Camping World has a twelve month low of $10.12 and a twelve month high of $27.17. The company has a debt-to-equity ratio of 264.05, a quick ratio of 0.22 and a current ratio of 1.35. The stock has a market capitalization of $1.09 billion, a PE ratio of 10.88 and a beta of 2.88.
In other Camping World news, major shareholder Abrams Capital Management, L.P purchased 413,446 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average price of $13.44 per share, for a total transaction of $5,556,714.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Marcus Lemonis purchased 8,410 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was acquired at an average price of $11.91 per share, for a total transaction of $100,163.10. Following the purchase, the insider now owns 207,504 shares in the company, valued at approximately $2,471,372.64. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 1,827,356 shares of company stock worth $22,291,545. Corporate insiders own 49.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of CWH. Coliseum Capital Management LLC bought a new position in shares of Camping World in the 1st quarter valued at $13,037,000. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Camping World in the 1st quarter valued at $4,528,000. Bank of New York Mellon Corp increased its stake in shares of Camping World by 129.0% in the 4th quarter. Bank of New York Mellon Corp now owns 431,472 shares of the company’s stock valued at $4,949,000 after purchasing an additional 243,064 shares during the last quarter. Cambiar Investors LLC bought a new position in shares of Camping World in the 1st quarter valued at $3,101,000. Finally, River Road Asset Management LLC bought a new position in shares of Camping World in the 1st quarter valued at $2,783,000. Institutional investors own 40.74% of the company’s stock.
About Camping World
Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.
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