Camping World (NYSE:CWH) Stock Price Up 7.7% After Analyst Upgrade

Camping World Holdings, Inc. (NYSE:CWH) traded up 7.7% during trading on Monday after Citigroup raised their price target on the stock from $21.00 to $23.00. Citigroup currently has a buy rating on the stock. Camping World traded as high as $19.25 and last traded at $19.26. 571,992 shares were traded during mid-day trading, a decline of 65% from the average session volume of 1,638,950 shares. The stock had previously closed at $17.89.

Other equities research analysts also recently issued research reports about the company. Monness Crespi & Hardt dropped their price objective on Camping World from $30.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, May 1st. Baird R W downgraded Camping World from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. Truist Financial raised their price target on Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, June 3rd. KeyCorp reaffirmed an “overweight” rating and set a $18.00 price target (up previously from $16.00) on shares of Camping World in a research report on Friday, May 23rd. Finally, Robert W. Baird cut their price objective on shares of Camping World from $18.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.44.

Hedge Funds Weigh In On Camping World

Several large investors have recently modified their holdings of the stock. Byrne Asset Management LLC acquired a new position in shares of Camping World in the first quarter valued at about $44,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Camping World in the fourth quarter valued at about $63,000. US Bancorp DE acquired a new position in shares of Camping World in the first quarter valued at about $72,000. Sandia Investment Management LP acquired a new position in shares of Camping World in the fourth quarter valued at about $105,000. Finally, Summit Investment Advisors Inc. grew its stake in shares of Camping World by 33.4% in the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company’s stock valued at $117,000 after acquiring an additional 1,390 shares in the last quarter. 52.54% of the stock is owned by institutional investors.

Camping World Price Performance

The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. The company’s 50 day moving average is $15.23 and its 200 day moving average is $18.66. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of -27.56, a P/E/G ratio of 0.92 and a beta of 1.88.

Camping World (NYSE:CWH) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company posted ($0.40) EPS. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. On average, equities research analysts anticipate that Camping World Holdings, Inc. will post -0.66 earnings per share for the current fiscal year.

Camping World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.63%. Camping World’s payout ratio is currently -108.70%.

Camping World Company Profile

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.