Camping World (NYSE:CWH) Shares Up 7.7% Following Analyst Upgrade

Camping World (NYSE:CWHGet Free Report)’s share price traded up 7.7% during mid-day trading on Monday after Citigroup raised their price target on the stock from $21.00 to $23.00. Citigroup currently has a buy rating on the stock. Camping World traded as high as $19.25 and last traded at $19.26. 571,992 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 1,638,950 shares. The stock had previously closed at $17.89.

Several other equities research analysts also recently issued reports on the company. Truist Financial increased their price objective on Camping World from $16.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, June 3rd. KeyCorp reissued an “overweight” rating and issued a $18.00 price objective (up from $16.00) on shares of Camping World in a research note on Friday, May 23rd. Baird R W downgraded Camping World from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Robert W. Baird cut their price target on Camping World from $18.00 to $15.00 and set a “neutral” rating for the company in a research note on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised Camping World from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $23.00 to $21.00 in a research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $22.44.

Read Our Latest Report on CWH

Institutional Trading of Camping World

Institutional investors and hedge funds have recently modified their holdings of the company. Hood River Capital Management LLC bought a new stake in Camping World in the fourth quarter valued at $62,142,000. Vanguard Group Inc. lifted its stake in Camping World by 39.2% in the fourth quarter. Vanguard Group Inc. now owns 5,787,609 shares of the company’s stock valued at $122,003,000 after buying an additional 1,630,307 shares during the period. Alyeska Investment Group L.P. acquired a new position in Camping World in the fourth quarter valued at about $33,698,000. Interval Partners LP raised its position in shares of Camping World by 71.8% during the fourth quarter. Interval Partners LP now owns 2,875,845 shares of the company’s stock worth $60,623,000 after purchasing an additional 1,202,258 shares during the period. Finally, Capital Research Global Investors raised its position in shares of Camping World by 39.8% during the fourth quarter. Capital Research Global Investors now owns 3,422,710 shares of the company’s stock worth $72,151,000 after purchasing an additional 975,168 shares during the period. 52.54% of the stock is currently owned by institutional investors.

Camping World Stock Performance

The company has a debt-to-equity ratio of 3.53, a current ratio of 1.26 and a quick ratio of 0.19. The company has a market cap of $1.86 billion, a price-to-earnings ratio of -39.59 and a beta of 1.88. The stock has a 50-day moving average price of $15.32 and a 200 day moving average price of $18.66.

Camping World (NYSE:CWHGet Free Report) last posted its quarterly earnings data 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. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. Camping World’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the company earned ($0.40) earnings per share. As a group, analysts anticipate that Camping World will post -0.66 EPS for the current fiscal year.

Camping World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.75%. Camping World’s dividend payout ratio is -108.70%.

Camping World Company Profile

(Get Free Report)

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.

Further Reading

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