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 research report released on Thursday morning.

CWH has been the topic of several other research reports. KeyCorp lifted their target price on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Truist Financial lifted their price target on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Monness Crespi & Hardt upped their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Roth Mkm reaffirmed 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. Finally, Raymond James raised shares of Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Camping World has a consensus rating of “Moderate Buy” and a consensus price target of $27.75.

Camping World Stock Performance

Shares of CWH stock opened at $23.79 on Thursday. Camping World has a one year low of $17.29 and a one year high of $28.72. The company has a market cap of $2.02 billion, a P/E ratio of -34.48 and a beta of 2.49. The firm has a 50-day moving average of $22.99 and a 200-day moving average of $21.23. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 2.10%. The ex-dividend date was Friday, September 13th. Camping World’s dividend payout ratio (DPR) is currently -72.46%.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 121,450 shares of the stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the sale, the chief executive officer now owns 155,268 shares in the company, valued at $3,384,842.40. This represents a 43.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 43.80% of the stock is currently owned by company insiders.

Institutional Trading of Camping World

A number of hedge funds and other institutional investors have recently made changes to their positions in CWH. Geode Capital Management LLC grew its stake in Camping World by 4.5% during the third quarter. Geode Capital Management LLC now owns 978,330 shares of the company’s stock valued at $23,701,000 after acquiring an additional 41,705 shares in the last quarter. Barclays PLC boosted its holdings in Camping World by 96.9% in the 3rd quarter. Barclays PLC now owns 317,052 shares of the company’s stock valued at $7,678,000 after purchasing an additional 156,055 shares during the period. Wellington Management Group LLP purchased a new position in shares of Camping World during the 3rd quarter valued at $2,578,000. Weiss Asset Management LP bought a new position in shares of Camping World in the third quarter worth $1,851,000. Finally, Soros Fund Management LLC bought a new position in shares of Camping World in the third quarter worth $6,053,000. 52.54% of the stock is currently owned by institutional investors.

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.