Camping World (NYSE:CWH) Sees Unusually-High Trading Volume Following Analyst Upgrade

Camping World Holdings, Inc. (NYSE:CWH) shares saw unusually-high trading volume on Tuesday after Truist Financial raised their price target on the stock from $26.00 to $28.00. Truist Financial currently has a buy rating on the stock. Approximately 2,465,392 shares traded hands during trading, an increase of 106% from the previous session’s volume of 1,198,374 shares.The stock last traded at $23.46 and had previously closed at $23.25.

A number of other research firms have also issued reports on CWH. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $24.00 target price (down from $25.00) on shares of Camping World in a report on Monday, October 21st. StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, October 30th. Bank of America assumed coverage on Camping World in a research report on Thursday, December 19th. They issued a “buy” rating and a $30.00 price target on the stock. Finally, KeyCorp boosted their price objective on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CWH. The Manufacturers Life Insurance Company lifted its position in shares of Camping World by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,872 shares of the company’s stock worth $408,000 after buying an additional 1,491 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Camping World during the 3rd quarter worth $318,000. Creative Planning lifted its position in Camping World by 8.7% in the third quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after acquiring an additional 892 shares during the last quarter. nVerses Capital LLC acquired a new position in Camping World in the third quarter valued at $191,000. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Camping World by 1.6% during the third quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company’s stock worth $1,516,000 after purchasing an additional 965 shares during the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

Camping World Price Performance

The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of -33.93, a PEG ratio of 1.00 and a beta of 2.49. The stock has a 50-day moving average price of $22.41 and a 200 day moving average price of $22.50.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 2.14%. The ex-dividend date was Friday, December 13th. Camping World’s dividend payout ratio (DPR) is -72.46%.

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.