Camping World (NYSE:CWH) Upgraded at StockNews.com

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

A number of other equities research analysts have also commented on CWH. Truist Financial increased their price objective on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 target price (down from $25.00) on shares of Camping World in a research report on Monday, October 21st. Roth Mkm restated a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. KeyCorp upped their target price on shares of Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Monness Crespi & Hardt upped their target price on shares of Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.75.

Camping World Stock Down 0.6 %

Shares of CWH traded down $0.15 during trading hours on Thursday, hitting $24.02. The stock had a trading volume of 318,884 shares, compared to its average volume of 1,092,872. The company’s fifty day moving average is $22.91 and its two-hundred day moving average is $21.18. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67. Camping World has a 52 week low of $17.29 and a 52 week high of $28.72.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.50 annualized dividend and a yield of 2.08%. Camping World’s dividend payout ratio (DPR) is currently -72.46%.

Insider Transactions at Camping World

In related news, CEO Marcus Lemonis sold 121,450 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total value of $2,647,610.00. Following the completion of the transaction, the chief executive officer now owns 155,268 shares of the company’s stock, valued at $3,384,842.40. The trade was a 43.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 43.80% of the company’s stock.

Hedge Funds Weigh In On Camping World

Several institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its holdings in Camping World by 6,495.0% during the 1st quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after purchasing an additional 3,897 shares in the last quarter. ProShare Advisors LLC purchased a new position in shares of Camping World in the 1st quarter valued at approximately $209,000. Vanguard Group Inc. lifted its stake in shares of Camping World by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 4,075,412 shares of the company’s stock valued at $113,500,000 after purchasing an additional 40,137 shares during the period. Seven Eight Capital LP raised its stake in Camping World by 86.2% during the first quarter. Seven Eight Capital LP now owns 23,467 shares of the company’s stock valued at $654,000 after buying an additional 10,866 shares during the last quarter. Finally, Boulder Hill Capital Management LP bought a new stake in shares of Camping World in the first quarter worth $1,487,000. 52.54% of the stock is owned by institutional investors and hedge funds.

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.