Camping World Holdings, Inc. (NYSE:CWH) Receives Average Rating of “Moderate Buy” from Brokerages

Camping World Holdings, Inc. (NYSE:CWH) has been given an average recommendation of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.00.

Several equities research analysts recently weighed in on the company. Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday, October 30th. StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. reissued 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. Truist Financial upped their price objective 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, Monness Crespi & Hardt lifted their target price on shares of Camping World from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, September 27th.

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently made changes to their positions in the company. Eminence Capital LP boosted its stake in shares of Camping World by 79.8% during the second quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock valued at $77,589,000 after purchasing an additional 1,927,977 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Camping World by 611.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 292,888 shares of the company’s stock valued at $7,094,000 after acquiring an additional 251,748 shares in the last quarter. Soros Fund Management LLC purchased a new position in shares of Camping World in the 3rd quarter valued at $6,053,000. Barclays PLC raised its position in shares of Camping World by 96.9% in the 3rd quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after acquiring an additional 156,055 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Camping World by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 718,578 shares of the company’s stock worth $12,834,000 after purchasing an additional 121,022 shares during the last quarter. Institutional investors own 52.54% of the company’s stock.

Camping World Trading Down 3.5 %

CWH opened at $20.75 on Friday. Camping World has a one year low of $17.29 and a one year high of $28.72. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The business has a 50 day simple moving average of $22.77 and a two-hundred day simple moving average of $21.77. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -30.07 and a beta of 2.49.

Camping World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date is Friday, December 13th. Camping World’s dividend payout ratio (DPR) is presently -72.46%.

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.