Raymond James & Associates Has $775,000 Stock Position in Camping World Holdings, Inc. (NYSE:CWH)

Raymond James & Associates raised its position in shares of Camping World Holdings, Inc. (NYSE:CWH) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,522 shares of the company’s stock after purchasing an additional 4,256 shares during the quarter. Raymond James & Associates’ holdings in Camping World were worth $775,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI raised its position in shares of Camping World by 3.5% in the 3rd quarter. National Bank of Canada FI now owns 73,502 shares of the company’s stock worth $1,464,000 after acquiring an additional 2,491 shares in the last quarter. IFP Advisors Inc lifted its stake in Camping World by 932.8% in the third quarter. IFP Advisors Inc now owns 1,291 shares of the company’s stock valued at $26,000 after buying an additional 1,166 shares during the period. Independent Advisor Alliance bought a new position in shares of Camping World during the 3rd quarter worth approximately $488,000. Adirondack Retirement Specialists Inc. grew its position in shares of Camping World by 25.8% during the 3rd quarter. Adirondack Retirement Specialists Inc. now owns 305,294 shares of the company’s stock worth $6,231,000 after buying an additional 62,519 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Camping World by 2.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 558,068 shares of the company’s stock valued at $11,390,000 after acquiring an additional 11,316 shares in the last quarter. Institutional investors and hedge funds own 52.54% of the company’s stock.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 100,000 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $25.63, for a total value of $2,563,000.00. Following the completion of the transaction, the chief executive officer now owns 405,268 shares in the company, valued at approximately $10,387,018.84. 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CWH shares. Stephens restated an “overweight” rating and issued a $28.00 price target (up from $26.00) on shares of Camping World in a report on Wednesday, January 17th. StockNews.com lowered Camping World from a “hold” rating to a “sell” rating in a report on Friday, February 23rd. KeyCorp boosted their price objective on Camping World from $25.00 to $30.00 and gave the company an “overweight” rating in a report on Friday, January 12th. Truist Financial increased their target price on Camping World from $25.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. Finally, Citigroup boosted their price target on shares of Camping World from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.64.

Camping World Price Performance

Shares of NYSE:CWH opened at $22.95 on Wednesday. Camping World Holdings, Inc. has a 1-year low of $16.18 and a 1-year high of $32.88. The company has a current ratio of 1.21, a quick ratio of 0.16 and a debt-to-equity ratio of 7.55. The stock has a market cap of $1.94 billion, a PE ratio of 44.14 and a beta of 2.60. The stock’s fifty day simple moving average is $25.67 and its two-hundred day simple moving average is $23.70.

Camping World (NYSE:CWH) last released its quarterly earnings results on Wednesday, February 21st. The company reported ($0.53) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.06. The business had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Camping World had a net margin of 0.50% and a return on equity of 16.62%. The firm’s revenue for the quarter was down 13.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) earnings per share. As a group, analysts forecast that Camping World Holdings, Inc. will post 1.06 EPS for the current fiscal year.

Camping World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Thursday, March 14th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Wednesday, March 13th. Camping World’s payout ratio is 96.16%.

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.