Camping World (NYSE:CWH) Coverage Initiated by Analysts at Citigroup

Citigroup started coverage on shares of Camping World (NYSE:CWH) in a research report report published on Friday, Marketbeat.com reports. The brokerage issued a buy rating and a $32.00 price objective on the stock.

Several other brokerages have also recently weighed in on CWH. DA Davidson upgraded shares of Camping World from a neutral rating to a buy rating and lifted their price target for the stock from $25.00 to $36.00 in a research note on Friday, June 30th. Raymond James cut shares of Camping World from an outperform rating to a market perform rating in a research note on Tuesday, July 18th. Truist Financial upgraded shares of Camping World from a hold rating to a buy rating and lifted their price target for the stock from $28.00 to $35.00 in a research note on Monday, August 7th. JPMorgan Chase & Co. lowered their target price on shares of Camping World from $33.00 to $32.00 and set an overweight rating on the stock in a research note on Monday, August 7th. Finally, BMO Capital Markets upgraded shares of Camping World from a market perform rating to an outperform rating and lifted their target price for the company from $26.00 to $35.00 in a research note on Wednesday, May 24th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $33.78.

Camping World Trading Up 2.4 %

NYSE:CWH opened at $25.33 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.20 and a debt-to-equity ratio of 6.36. Camping World has a 12 month low of $18.69 and a 12 month high of $32.88. The company has a market cap of $2.13 billion, a PE ratio of 29.11 and a beta of 2.60. The company has a 50 day simple moving average of $28.65 and a two-hundred day simple moving average of $25.54.

Camping World (NYSE:CWH) last posted its earnings results on Tuesday, August 1st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.14). Camping World had a return on equity of 21.92% and a net margin of 0.61%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.98 billion. Research analysts forecast that Camping World will post 0.9 earnings per share for the current year.

Camping World Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Thursday, September 14th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.97%. Camping World’s dividend payout ratio (DPR) is presently 287.36%.

Institutional Trading of Camping World

A number of large investors have recently made changes to their positions in the business. California State Teachers Retirement System grew its holdings in Camping World by 2.9% during the 2nd quarter. California State Teachers Retirement System now owns 51,085 shares of the company’s stock valued at $1,538,000 after purchasing an additional 1,460 shares during the last quarter. Stansberry Asset Management LLC boosted its position in Camping World by 2.4% in the 2nd quarter. Stansberry Asset Management LLC now owns 119,913 shares of the company’s stock valued at $3,609,000 after buying an additional 2,799 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Camping World by 171.9% in the 2nd quarter. Nuveen Asset Management LLC now owns 394,827 shares of the company’s stock worth $11,884,000 after purchasing an additional 249,610 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of Camping World in the 2nd quarter worth approximately $260,000. Finally, GTS Securities LLC purchased a new stake in shares of Camping World in the 2nd quarter worth approximately $854,000. 39.64% of the stock is currently owned by institutional investors.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services. It operates in two segments, Good Sam Services and Plans; and RV and Outdoor Retail. The company provides a portfolio of services, protection plans, products, and resources in the RV industry.