Camping World (NYSE:CWH) Upgraded at Raymond James

Raymond James upgraded shares of Camping World (NYSE:CWH) from a market perform rating to an outperform rating in a report issued on Wednesday morning, MarketBeat.com reports. They currently have $27.00 target price on the stock.

Several other research analysts have also recently commented on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 target price (down from $25.00) on shares of Camping World in a report on Monday, October 21st. Truist Financial upped their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. KeyCorp lowered their price objective on shares of Camping World from $26.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Roth Mkm reduced their target price on Camping World from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, Monness Crespi & Hardt raised their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and a consensus price target of $27.75.

Camping World Stock Up 0.8 %

Camping World stock opened at $20.22 on Wednesday. The stock has a market cap of $1.71 billion, a P/E ratio of -29.30 and a beta of 2.47. 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 has a twelve month low of $17.29 and a twelve month high of $28.72. The company’s 50-day moving average price is $22.83 and its two-hundred day moving average price is $21.15.

Camping World (NYSE:CWH) last released its quarterly earnings results on Wednesday, July 31st. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.10). Camping World had a negative net margin of 0.40% and a negative return on equity of 23.77%. The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the company posted $0.60 earnings per share. The company’s revenue was down 5.3% on a year-over-year basis. As a group, analysts expect that Camping World will post -0.6 EPS for the current year.

Camping World Dividend Announcement

The company 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. This represents a $0.50 annualized dividend and a dividend yield of 2.47%. 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 125,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were 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 owns 155,268 shares of the company’s stock, valued at approximately $3,546,321.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Camping World by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 4,035,275 shares of the company’s stock worth $105,966,000 after acquiring an additional 122,856 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Camping World by 4.3% in the first quarter. Commonwealth Equity Services LLC now owns 31,778 shares of the company’s stock valued at $885,000 after buying an additional 1,323 shares during the period. Diversify Advisory Services LLC bought a new stake in Camping World during the first quarter valued at $353,000. Coronation Fund Managers Ltd. grew its holdings in Camping World by 64.5% during the 1st quarter. Coronation Fund Managers Ltd. now owns 160,159 shares of the company’s stock worth $4,460,000 after acquiring an additional 62,772 shares during the period. Finally, Insight Advisors LLC PA raised its position in shares of Camping World by 4.0% in the 1st quarter. Insight Advisors LLC PA now owns 93,271 shares of the company’s stock worth $2,598,000 after acquiring an additional 3,588 shares in the last quarter. 52.54% of the stock is owned by institutional investors.

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.