Camping World (NYSE:CWH) Upgraded by Raymond James to Outperform Rating

Raymond James upgraded shares of Camping World (NYSE:CWH) from a market perform rating to an outperform rating in a research note published on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has $27.00 price target on the stock.

Other research analysts have also recently issued reports about the stock. Truist Financial raised their target price 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 price objective (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Monness Crespi & Hardt upped their target price on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Roth Mkm decreased their price target on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Finally, KeyCorp cut their price objective on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.75.

Camping World Stock Down 0.7 %

Shares of CWH opened at $22.72 on Wednesday. The firm has a market cap of $1.92 billion, a P/E ratio of -568.25 and a beta of 2.47. The company has a debt-to-equity ratio of 10.08, a quick ratio of 0.19 and a current ratio of 1.19. Camping World has a 52 week low of $16.18 and a 52 week high of $28.72. The firm’s 50-day simple moving average is $22.79 and its 200 day simple moving average is $21.15.

Camping World (NYSE:CWH) last posted its earnings results on Wednesday, July 31st. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). Camping World had a negative return on equity of 10.04% and a negative net margin of 0.22%. The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. During the same period in the prior year, the business posted $0.60 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, analysts forecast that Camping World will post -0.6 earnings per share for the current year.

Camping World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 13th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio is -1,250.00%.

Insider Activity at Camping World

In other Camping World news, CEO Marcus Lemonis sold 125,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the sale, the chief executive officer now owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 43.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camping World

Several hedge funds have recently modified their holdings of the company. nVerses Capital LLC acquired a new position in Camping World in the 3rd quarter worth about $191,000. Creative Planning grew its holdings in shares of Camping World by 8.7% during the third quarter. Creative Planning now owns 11,133 shares of the company’s stock worth $270,000 after purchasing an additional 892 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Camping World in the third quarter valued at approximately $240,000. SG Americas Securities LLC bought a new position in Camping World in the 3rd quarter valued at approximately $318,000. Finally, Point72 DIFC Ltd acquired a new stake in Camping World during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds 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.