Camping World (NYSE:CWH) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Camping World (NYSE:CWH) from a neutral rating to an overweight rating in a research note published on Thursday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has $21.00 price target on the stock, down from their previous price target of $23.00.

Other equities research analysts also recently issued research reports about the stock. KeyCorp decreased their target price on shares of Camping World from $22.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Robert W. Baird reiterated a “neutral” rating and issued a $18.00 target price (down from $28.00) on shares of Camping World in a research note on Friday, April 4th. Baird R W cut Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Truist Financial lowered their price objective on shares of Camping World from $28.00 to $16.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.63.

Camping World Trading Up 4.7 %

NYSE:CWH opened at $13.87 on Thursday. The company has a market capitalization of $1.41 billion, a PE ratio of -20.10, a P/E/G ratio of 0.92 and a beta of 2.13. Camping World has a 52-week low of $11.17 and a 52-week high of $25.97. The stock’s 50 day moving average price is $15.27 and its 200 day moving average price is $20.02. The company has a quick ratio of 0.19, a current ratio of 1.23 and a debt-to-equity ratio of 9.67.

Camping World (NYSE:CWH) last announced its earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.07. Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.43 billion. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.40) earnings per share. On average, research analysts anticipate that Camping World will post -0.66 EPS for the current year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Friday, March 14th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 3.60%. Camping World’s dividend payout ratio is presently -108.70%.

Insider Activity at Camping World

In other news, President Matthew D. Wagner acquired 5,725 shares of Camping World stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average cost of $17.61 per share, with a total value of $100,817.25. Following the completion of the acquisition, the president now owns 300,640 shares in the company, valued at $5,294,270.40. This trade represents a 1.94 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 35.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. A&I Financial Services LLC grew its stake in Camping World by 11.3% in the 1st quarter. A&I Financial Services LLC now owns 25,302 shares of the company’s stock valued at $409,000 after acquiring an additional 2,567 shares during the last quarter. CWM LLC grew its position in shares of Camping World by 1,060.1% in the first quarter. CWM LLC now owns 7,645 shares of the company’s stock valued at $124,000 after purchasing an additional 6,986 shares during the last quarter. Telos Capital Management Inc. increased its stake in shares of Camping World by 66.7% during the 1st quarter. Telos Capital Management Inc. now owns 25,000 shares of the company’s stock worth $404,000 after purchasing an additional 10,000 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Camping World by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 294,845 shares of the company’s stock worth $4,765,000 after purchasing an additional 3,761 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in Camping World in the 1st quarter valued at approximately $394,000. 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.