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 brokerages also recently commented on CWH. JPMorgan Chase & Co. restated a “neutral” rating and issued a $24.00 target price (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price objective (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. KeyCorp boosted 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 raised their price target on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a report on Friday, September 20th. Finally, Monness Crespi & Hardt upped their price objective on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Camping World currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.75.

Camping World Stock Down 1.6 %

Camping World stock opened at $23.79 on Thursday. The firm’s 50 day moving average price is $22.99 and its two-hundred day moving average price is $21.23. The firm has a market cap of $2.02 billion, a PE ratio of -34.48 and a beta of 2.49. Camping World has a twelve month low of $17.29 and a twelve month high of $28.72. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23.

Camping World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were paid a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.10%. Camping World’s payout ratio is presently -72.46%.

Insider Buying and Selling

In other news, CEO Marcus Lemonis sold 125,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at $3,546,321.12. The trade was a 44.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Camping World

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quest Partners LLC boosted its holdings in Camping World by 5,647.8% in the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after purchasing an additional 1,299 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Camping World during the second quarter valued at about $50,000. Russell Investments Group Ltd. lifted its stake in shares of Camping World by 6,495.0% in the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after buying an additional 3,897 shares during the period. Truvestments Capital LLC acquired a new stake in Camping World during the third quarter worth about $165,000. Finally, nVerses Capital LLC bought a new position in Camping World during the third quarter valued at about $191,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

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.