Camping World (NYSE:CWH) Sees Large Volume Increase Following Analyst Upgrade

Camping World Holdings, Inc. (NYSE:CWH) shares saw an uptick in trading volume on Tuesday after Truist Financial raised their price target on the stock from $26.00 to $28.00. Truist Financial currently has a buy rating on the stock. 2,465,392 shares traded hands during trading, an increase of 106% from the previous session’s volume of 1,198,374 shares.The stock last traded at $23.46 and had previously closed at $23.25.

CWH has been the subject of several other reports. Roth Mkm reaffirmed a “buy” rating and set a $28.00 target price (up from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Bank of America initiated coverage on shares of Camping World in a research note on Thursday, December 19th. They set a “buy” rating and a $30.00 target price for the company. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $24.00 target price (down from $25.00) on shares of Camping World in a report on Monday, October 21st. Finally, StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Camping World has a consensus rating of “Moderate Buy” and a consensus target price of $27.71.

Hedge Funds Weigh In On Camping World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWH. Geode Capital Management LLC boosted its position in Camping World by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 978,330 shares of the company’s stock valued at $23,701,000 after buying an additional 41,705 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Camping World by 26.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 827,823 shares of the company’s stock worth $17,451,000 after purchasing an additional 175,554 shares in the last quarter. Burkehill Global Management LP bought a new position in Camping World during the 4th quarter valued at approximately $15,810,000. Citigroup Inc. increased its holdings in shares of Camping World by 22.6% during the third quarter. Citigroup Inc. now owns 360,258 shares of the company’s stock valued at $8,725,000 after acquiring an additional 66,355 shares in the last quarter. Finally, Barclays PLC lifted its stake in shares of Camping World by 96.9% in the third quarter. Barclays PLC now owns 317,052 shares of the company’s stock worth $7,678,000 after buying an additional 156,055 shares in the last quarter. 52.54% of the stock is currently owned by hedge funds and other institutional investors.

Camping World Trading Up 1.2 %

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 firm has a market capitalization of $2.00 billion, a PE ratio of -34.01, a P/E/G ratio of 1.00 and a beta of 2.49. The firm has a 50 day simple moving average of $22.42 and a 200 day simple moving average of $22.47.

Camping World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, December 13th. Camping World’s dividend payout ratio 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.