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

Shares of Camping World Holdings, Inc. (NYSE:CWH) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $27.75.

A number of research firms have commented on CWH. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target for the company in a research report on Wednesday, October 30th. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Truist Financial increased their target price on Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. StockNews.com raised Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $24.00 target price (down previously from $25.00) on shares of Camping World in a research report on Monday, October 21st.

Camping World Trading Down 2.4 %

NYSE CWH opened at $23.85 on Tuesday. 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 50-day moving average of $23.16 and a 200-day moving average of $21.45. The firm has a market cap of $2.03 billion, a PE ratio of -34.57 and a beta of 2.49.

Camping World Announces Dividend

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

Insider Buying and Selling

In related news, CEO Marcus Lemonis sold 121,450 shares of Camping World stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $21.80, for a total transaction of $2,647,610.00. Following the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,384,842.40. The trade was a 43.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 43.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Camping World

Large investors have recently made changes to their positions in the business. Quest Partners LLC lifted its position in shares of Camping World by 5,647.8% in the third quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock valued at $32,000 after acquiring an additional 1,299 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Camping World in the second quarter worth about $50,000. Truvestments Capital LLC purchased a new stake in shares of Camping World in the third quarter worth about $165,000. nVerses Capital LLC purchased a new stake in shares of Camping World in the third quarter worth about $191,000. Finally, Blueshift Asset Management LLC purchased a new stake in shares of Camping World in the third quarter worth about $214,000. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

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.