Camping World (NYSE:CWH) Shares Up 6.8% - Time to Buy?

Key Points

• Camping World shares increased by 6.8% during trading, reaching a high of $17.43 before closing at $17.59, despite a significant drop in trading volume.
• Analysts have raised their price targets for Camping World, with KeyCorp setting a target of $21.00 and Citigroup increasing theirs to $23.00, reflecting consensus optimism about the stock.
• The company announced a quarterly dividend of $0.125, which translates to an annualized yield of 2.9%, although its dividend payout ratio stands at a concerning -250.00%.

Camping World (NYSE:CWH - Get Free Report)'s share price shot up 6.8% during trading on Tuesday . The stock traded as high as $17.43 and last traded at $17.59. 89,298 shares traded hands during trading, a decline of 96% from the average session volume of 2,192,373 shares. The stock had previously closed at $16.46.

Analysts Set New Price Targets

A number of research firms recently weighed in on CWH. KeyCorp raised their price target on shares of Camping World from $18.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. Citigroup restated a "buy" rating and set a $23.00 price target (up previously from $21.00) on shares of Camping World in a report on Monday, June 16th. Raymond James Financial cut their price objective on Camping World from $20.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, July 31st. Truist Financial increased their price objective on shares of Camping World from $16.00 to $20.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. Finally, Zacks Research raised Camping World from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $21.78.

Camping World Trading Up 4.7%

The firm has a market cap of $1.76 billion, a P/E ratio of -86.34 and a beta of 1.92. The company has a current ratio of 1.26, a quick ratio of 0.24 and a debt-to-equity ratio of 3.12. The business has a 50 day moving average of $16.96 and a two-hundred day moving average of $16.38.

Camping World (NYSE:CWH - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.87 billion. Camping World had a negative net margin of 0.13% and a negative return on equity of 2.81%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Analysts predict that Camping World will post -0.66 earnings per share for the current year.

Camping World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 15th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 15th. Camping World's dividend payout ratio (DPR) is -250.00%.

Institutional Trading of Camping World

Several large investors have recently bought and sold shares of CWH. Byrne Asset Management LLC bought a new position in Camping World in the 1st quarter valued at approximately $44,000. US Bancorp DE bought a new position in shares of Camping World in the 1st quarter valued at $72,000. Ameritas Investment Partners Inc. lifted its stake in shares of Camping World by 11.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 6,154 shares of the company's stock valued at $106,000 after acquiring an additional 608 shares during the last quarter. CWM LLC grew its position in Camping World by 1,060.1% during the 1st quarter. CWM LLC now owns 7,645 shares of the company's stock worth $124,000 after acquiring an additional 6,986 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in Camping World by 117.1% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 8,877 shares of the company's stock worth $153,000 after purchasing an additional 4,789 shares in the last quarter. 52.54% of the stock is owned by institutional investors and hedge funds.

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.

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