Camping World (NYSE:CWH) Upgraded 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 issued on Thursday.

A number of other research firms also recently commented on CWH. KeyCorp boosted their price objective on Camping World from $25.00 to $30.00 and gave the stock an overweight rating in a research note on Friday, January 12th. Stephens reissued an overweight rating and issued a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research note on Wednesday, January 17th. Citigroup boosted their price objective on Camping World from $26.00 to $30.00 and gave the stock a buy rating in a research note on Tuesday, January 23rd. Finally, Truist Financial boosted their target price on Camping World from $25.00 to $30.00 and gave the stock a buy rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average target price of $30.20.

Camping World Trading Down 0.1 %

Shares of CWH stock opened at $20.10 on Thursday. The company has a debt-to-equity ratio of 7.55, a quick ratio of 0.16 and a current ratio of 1.21. Camping World has a 1 year low of $16.18 and a 1 year high of $32.88. The stock has a fifty day moving average of $24.89 and a two-hundred day moving average of $23.88. The firm has a market capitalization of $1.70 billion, a PE ratio of -502.37 and a beta of 2.67.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.53) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.06. Camping World had a negative return on equity of 2.16% and a net margin of 0.09%. The company had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the business earned ($0.33) EPS. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. As a group, research analysts expect that Camping World will post 1.06 EPS for the current year.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.49%. Camping World’s dividend payout ratio is -1,249.69%.

Insider Activity

In other news, CEO Marcus Lemonis sold 100,000 shares of Camping World stock in a transaction on 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 transaction, the chief executive officer now owns 405,268 shares in the company, valued at $10,387,018.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 43.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. ICA Group Wealth Management LLC purchased a new position in Camping World in the fourth quarter valued at about $35,000. Selway Asset Management purchased a new position in Camping World in the third quarter valued at about $55,000. Advisory Services Network LLC purchased a new position in Camping World in the fourth quarter valued at about $172,000. SG Americas Securities LLC purchased a new position in Camping World in the fourth quarter valued at about $207,000. Finally, Bedel Financial Consulting Inc. purchased a new position in Camping World in the fourth quarter valued at about $255,000. Hedge funds and other 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.