Camping World's (CWH) "Buy" Rating Reiterated at Citigroup

Citigroup restated their buy rating on shares of Camping World (NYSE:CWH - Free Report) in a report released on Monday, MarketBeat.com reports. The firm currently has a $23.00 price objective on the stock, up from their previous price objective of $21.00.

Other equities analysts also recently issued reports about the company. Monness Crespi & Hardt reduced their price target on Camping World from $30.00 to $20.00 and set a "buy" rating for the company in a report on Thursday, May 1st. KeyCorp restated an "overweight" rating and set a $18.00 price target (up from $16.00) on shares of Camping World in a report on Friday, May 23rd. Baird R W downgraded Camping World from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Truist Financial lifted their price objective on Camping World from $16.00 to $20.00 and gave the stock a "buy" rating in a report on Tuesday, June 3rd. Finally, JPMorgan Chase & Co. upgraded Camping World from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $23.00 to $21.00 in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Camping World has an average rating of "Moderate Buy" and a consensus target price of $22.44.

Camping World Stock Down 1.6%

CWH traded down $0.30 during trading on Monday, reaching $17.91. The stock had a trading volume of 3,476,344 shares, compared to its average volume of 1,667,989. The stock's 50 day moving average is $15.40 and its two-hundred day moving average is $18.65. The company has a current ratio of 1.26, a quick ratio of 0.19 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of -38.94 and a beta of 1.88. Camping World has a one year low of $11.17 and a one year high of $25.97.

Camping World (NYSE:CWH - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.23) by $0.07. Camping World had a negative return on equity of 8.66% and a negative net margin of 0.47%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same period last year, the company earned ($0.40) earnings per share. The company's revenue was up 3.6% on a year-over-year basis. As a group, analysts expect that Camping World will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.79%. Camping World's payout ratio is -108.70%.

Hedge Funds Weigh In On Camping World

Hedge funds and other institutional investors have recently modified their holdings of the company. Voya Investment Management LLC boosted its position in Camping World by 28.1% in the first quarter. Voya Investment Management LLC now owns 934,173 shares of the company's stock worth $15,096,000 after purchasing an additional 204,679 shares during the last quarter. Rhumbline Advisers boosted its position in Camping World by 11.3% in the first quarter. Rhumbline Advisers now owns 78,845 shares of the company's stock worth $1,274,000 after purchasing an additional 7,978 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Camping World by 17.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 119,259 shares of the company's stock worth $1,927,000 after purchasing an additional 17,665 shares during the last quarter. 1060 Capital LLC purchased a new position in Camping World in the first quarter worth about $5,818,000. Finally, Voleon Capital Management LP boosted its position in Camping World by 76.9% in the first quarter. Voleon Capital Management LP now owns 53,074 shares of the company's stock worth $858,000 after purchasing an additional 23,071 shares during the last quarter. 52.54% of the stock is 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.