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

Raymond James upgraded shares of Camping World (NYSE:CWH) 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.

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:CWH) 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

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.