Camping World (NYSE:CWH) Raised to Hold at StockNews.com

StockNews.com upgraded shares of Camping World (NYSE:CWH) from a sell rating to a hold rating in a report released on Thursday.

Several other research firms have also weighed in on CWH. Stephens reiterated an overweight rating and set a $28.00 target price (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. KeyCorp lifted their target price on Camping World from $25.00 to $30.00 and gave the stock an overweight rating in a report on Friday, January 12th. Citigroup lifted their target price on Camping World from $26.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, January 23rd. Finally, Truist Financial lifted their target price on Camping World from $25.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $30.20.

Camping World Stock Down 0.1 %

Shares of Camping World stock opened at $20.10 on Thursday. The company has a quick ratio of 0.16, a current ratio of 1.21 and a debt-to-equity ratio of 7.55. Camping World has a 12 month low of $16.18 and a 12 month high of $32.88. The business has a fifty day simple moving average of $24.89 and a 200 day simple moving average of $23.88. The stock has a market cap of $1.70 billion, a PE ratio of -502.37 and a beta of 2.67.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.06. The firm had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.15 billion. Camping World had a negative return on equity of 2.16% and a net margin of 0.09%. The company’s revenue for the quarter was down 13.4% on a year-over-year basis. During the same period in the previous year, the company posted ($0.33) earnings per share. Research analysts predict that Camping World will post 1.06 EPS for the current year.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, March 13th. This represents a $0.50 annualized dividend and a yield of 2.49%. Camping World’s payout ratio is presently -1,249.69%.

Insider Buying and Selling

In related news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $25.63, for a total transaction of $2,563,000.00. Following the sale, the chief executive officer now owns 405,268 shares in the company, valued at $10,387,018.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 43.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Camping World

Institutional investors and hedge funds have recently bought and sold shares of the stock. Schonfeld Strategic Advisors LLC raised its holdings in Camping World by 13.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 367,300 shares of the company’s stock worth $7,497,000 after acquiring an additional 42,767 shares in the last quarter. Gendell Jeffrey L increased its position in Camping World by 68.0% during the third quarter. Gendell Jeffrey L now owns 335,900 shares of the company’s stock worth $6,856,000 after buying an additional 135,900 shares during the last quarter. Deutsche Bank AG increased its position in Camping World by 40.8% during the third quarter. Deutsche Bank AG now owns 387,831 shares of the company’s stock worth $7,916,000 after buying an additional 112,478 shares during the last quarter. Scopus Asset Management L.P. acquired a new position in Camping World during the third quarter worth approximately $918,000. Finally, FMR LLC increased its position in Camping World by 9.5% during the third quarter. FMR LLC now owns 1,941,972 shares of the company’s stock worth $39,636,000 after buying an additional 169,117 shares during the last quarter. Institutional investors own 52.54% of the company’s stock.

About Camping World

Camping World Holdings, Inc, together its subsidiaries, retails recreational vehicles (RVs), and related products and services in the United States. 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.