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

Shares of Camping World Holdings, Inc. (NYSE:CWH) have been given a consensus recommendation of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $27.75.

Several equities research analysts have weighed in on the company. KeyCorp boosted their price objective on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. StockNews.com raised Camping World from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 target price (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Truist Financial upped their target price on Camping World from $26.00 to $28.00 and gave the company a “buy” rating in a research note on Friday, September 20th. Finally, Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price on the stock in a research note on Wednesday, October 30th.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis sold 125,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $22.84, for a total transaction of $2,855,000.00. Following the completion of the sale, the chief executive officer now owns 155,268 shares in the company, valued at approximately $3,546,321.12. This represents a 44.60 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 43.80% of the stock is owned by company insiders.

Institutional Trading of Camping World

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in Camping World by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,560 shares of the company’s stock worth $545,000 after acquiring an additional 1,477 shares during the period. Cetera Advisors LLC lifted its position in Camping World by 33.3% during the 1st quarter. Cetera Advisors LLC now owns 31,542 shares of the company’s stock worth $878,000 after acquiring an additional 7,881 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Camping World by 3.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 350,881 shares of the company’s stock worth $6,267,000 after acquiring an additional 13,266 shares during the period. Coronation Fund Managers Ltd. lifted its position 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. Finally, Bank of New York Mellon Corp lifted its position in Camping World by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,682 shares of the company’s stock worth $6,013,000 after acquiring an additional 21,842 shares during the period. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Trading Down 2.4 %

Shares of NYSE CWH opened at $23.85 on Tuesday. The business’s 50 day moving average is $23.16 and its two-hundred day moving average is $21.45. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. Camping World has a 1-year low of $17.29 and a 1-year high of $28.72. The stock has a market capitalization of $2.03 billion, a P/E ratio of -34.57 and a beta of 2.49.

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.10%. Camping World’s dividend payout ratio is currently -72.46%.

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.