Camping World (NYSE:CWH) Upgraded by Raymond James to Outperform Rating

Raymond James upgraded shares of Camping World (NYSE:CWHFree Report) from a market perform rating to an outperform rating in a research note issued to investors on Wednesday morning, Marketbeat.com reports. The brokerage currently has $27.00 target price on the stock.

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

Check Out Our Latest Stock Analysis on CWH

Camping World Price Performance

Camping World stock opened at $22.72 on Wednesday. The firm has a market capitalization of $1.92 billion, a P/E ratio of -568.25 and a beta of 2.47. The business has a 50-day moving average of $22.79 and a 200-day moving average of $21.15. The company has a current ratio of 1.19, a quick ratio of 0.19 and a debt-to-equity ratio of 10.08. Camping World has a 1 year low of $16.18 and a 1 year high of $28.72.

Camping World (NYSE:CWHGet Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.10). The firm had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.87 billion. Camping World had a negative net margin of 0.22% and a negative return on equity of 10.04%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 EPS. On average, equities analysts anticipate that Camping World will post -0.6 EPS for the current year.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 13th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s dividend payout ratio is presently -1,250.00%.

Insider Buying and Selling

In other Camping World news, CEO Marcus Lemonis sold 121,450 shares of Camping World stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $21.80, for a total value of $2,647,610.00. Following the sale, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,384,842.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 43.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd acquired a new stake in shares of Camping World in the 2nd quarter valued at approximately $50,000. Russell Investments Group Ltd. lifted its stake in Camping World by 6,495.0% in the first quarter. Russell Investments Group Ltd. now owns 3,957 shares of the company’s stock valued at $110,000 after acquiring an additional 3,897 shares during the last quarter. nVerses Capital LLC bought a new position in shares of Camping World in the 3rd quarter valued at about $191,000. Telos Capital Management Inc. acquired a new position in shares of Camping World during the 2nd quarter worth about $196,000. Finally, ProShare Advisors LLC acquired a new stake in Camping World in the 1st quarter valued at about $209,000. Institutional investors and hedge funds own 52.54% of the company’s stock.

About Camping World

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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.

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Analyst Recommendations for Camping World (NYSE:CWH)

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