Camping World (NYSE:CWH) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of Camping World (NYSE:CWH) from a sell rating to a hold rating in a report released on Thursday.

Several other equities research analysts have also recently weighed in on CWH. KeyCorp boosted their price objective on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. restated a “neutral” rating and set a $24.00 target price (down previously from $25.00) on shares of Camping World in a report on Monday, October 21st. Roth Mkm reaffirmed a “buy” rating and set a $28.00 price target (up from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Raymond James raised 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. Finally, Monness Crespi & Hardt increased their price target on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $27.75.

Camping World Trading Down 0.6 %

Shares of NYSE CWH traded down $0.15 during midday trading on Thursday, hitting $24.02. 318,884 shares of the stock traded hands, compared to its average volume of 1,092,872. Camping World has a one year low of $17.29 and a one year high of $28.72. The firm has a 50-day moving average of $22.91 and a two-hundred day moving average of $21.18. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19.

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 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend was Friday, September 13th. Camping World’s payout ratio is currently -72.46%.

Insider Activity at Camping World

In other news, CEO Marcus Lemonis sold 125,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $22.84, for a total value of $2,855,000.00. Following the transaction, the chief executive officer now directly owns 155,268 shares in the company, valued at approximately $3,546,321.12. This trade represents a 44.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 43.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Eminence Capital LP increased its stake in Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock valued at $77,589,000 after buying an additional 1,927,977 shares during the period. Interval Partners LP lifted its stake in Camping World by 98.9% in the first quarter. Interval Partners LP now owns 2,001,753 shares of the company’s stock valued at $55,749,000 after acquiring an additional 995,096 shares during the last quarter. Capital Research Global Investors lifted its stake in shares of Camping World by 31.2% in the first quarter. Capital Research Global Investors now owns 2,159,037 shares of the company’s stock worth $60,129,000 after buying an additional 513,320 shares during the last quarter. Castleark Management LLC acquired a new stake in shares of Camping World in the first quarter worth $5,028,000. Finally, SG Capital Management LLC acquired a new position in Camping World during the 1st quarter valued at $3,889,000. 52.54% of the stock is currently owned by institutional investors.

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.