Camping World (NYSE:CWH) Upgraded at StockNews.com

StockNews.com upgraded shares of Camping World (NYSE:CWH) from a sell rating to a hold rating in a research report report published on Thursday morning.

CWH has been the topic of a number of other reports. Truist Financial boosted their target price 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. Monness Crespi & Hardt increased their price objective on Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th. 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 report on Wednesday, October 30th. Roth Mkm reissued a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Finally, KeyCorp raised their price objective on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Stock Performance

NYSE:CWH opened at $23.79 on Thursday. The stock’s 50-day moving average is $22.99 and its 200-day moving average is $21.23. Camping World has a 1-year low of $17.29 and a 1-year high of $28.72. The company has a current ratio of 1.23, a quick ratio of 0.19 and a debt-to-equity ratio of 9.67. The stock has a market cap of $2.02 billion, a P/E ratio of -34.48 and a beta of 2.49.

Camping World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 13th were issued a $0.125 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.10%. Camping World’s payout ratio is currently -72.46%.

Insiders Place Their Bets

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

Institutional Trading of Camping World

Several large investors have recently made changes to their positions in the company. Quest Partners LLC grew its position in Camping World by 5,647.8% in the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after purchasing an additional 1,299 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Camping World during the second quarter valued at about $50,000. Russell Investments Group Ltd. increased its position in shares of Camping World by 6,495.0% during the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock worth $110,000 after acquiring an additional 3,897 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Camping World in the 3rd quarter worth about $165,000. Finally, nVerses Capital LLC bought a new position in Camping World in the 3rd quarter valued at about $191,000. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.