Camping World (NYSE:CWH) Sees Large Volume Increase on Analyst Upgrade

Shares of Camping World Holdings, Inc. (NYSE:CWH) 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 were traded during mid-day 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.

Several other equities analysts have also recently weighed in on CWH. 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 note on Wednesday, October 30th. KeyCorp lifted their target price on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price objective (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Finally, Bank of America assumed coverage on shares of Camping World in a report on Thursday, December 19th. They issued a “buy” rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Camping World has a consensus rating of “Moderate Buy” and an average price target of $27.71.

Institutional Trading of Camping World

Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in shares of Camping World by 611.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock worth $7,094,000 after purchasing an additional 251,748 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of 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. Charles Schwab Investment Management Inc. raised its position in shares of Camping World by 11.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company’s stock valued at $15,798,000 after purchasing an additional 65,798 shares during the last quarter. Barclays PLC grew its position in Camping World by 96.9% during the 3rd quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after purchasing an additional 156,055 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Camping World during the 3rd quarter valued at approximately $2,578,000. Institutional investors own 52.54% of the company’s stock.

Camping World Trading Up 1.2 %

The stock’s fifty day simple moving average is $22.42 and its 200-day simple moving average is $22.47. 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 $2.00 billion, a PE ratio of -34.01, a PEG ratio of 1.00 and a beta of 2.49.

Camping World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, December 13th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, December 13th. This represents a $0.50 annualized dividend and a yield of 2.12%. Camping World’s payout ratio is presently -72.46%.

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.