Camping World Holdings, Inc. (NYSE:CWH) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Camping World Holdings, Inc. (NYSE:CWH) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.75.

A number of research firms have issued reports on CWH. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price objective (down from $25.00) on shares of Camping World in a report on Monday, October 21st. KeyCorp boosted their price target on shares of Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Truist Financial increased their price objective on shares of Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. StockNews.com raised Camping World from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Monness Crespi & Hardt raised 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.

Camping World Stock Up 2.0 %

CWH stock opened at $24.16 on Friday. The stock’s 50 day moving average is $22.91 and its 200-day moving average is $21.18. Camping World has a twelve month low of $17.29 and a twelve month high of $28.72. The firm has a market capitalization of $2.05 billion, a PE ratio of -35.01 and a beta of 2.49. 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 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 paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio is currently -72.46%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 121,450 shares of the firm’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total value of $2,647,610.00. Following the completion of the transaction, the chief executive officer now directly owns 155,268 shares of the company’s stock, valued at $3,384,842.40. This trade represents a 43.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 43.80% of the company’s stock.

Institutional Trading of Camping World

Institutional investors have recently added to or reduced their stakes in the stock. SG Capital Management LLC bought a new stake in shares of Camping World during the first quarter valued at about $3,889,000. Capital Research Global Investors grew its stake in Camping World by 31.2% during the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock valued at $60,129,000 after acquiring an additional 513,320 shares in the last quarter. Coronation Fund Managers Ltd. increased its holdings in Camping World by 42.8% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 228,676 shares of the company’s stock worth $4,084,000 after acquiring an additional 68,517 shares during the period. Eminence Capital LP lifted its stake in Camping World by 79.8% in the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after purchasing an additional 1,927,977 shares in the last quarter. Finally, ProShare Advisors LLC bought a new position in Camping World in the 1st quarter valued at $209,000. Hedge funds and other institutional investors 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.