Camping World (NYSE:CWH) Stock Price Up 7.7% on Analyst Upgrade

Camping World (NYSE:CWH - Get Free Report) shares traded up 7.7% on Monday after Truist Financial raised their price target on the stock from $16.00 to $20.00. Truist Financial currently has a buy rating on the stock. Camping World traded as high as $19.25 and last traded at $19.26. 571,992 shares were traded during trading, a decline of 65% from the average session volume of 1,638,950 shares. The stock had previously closed at $17.89.

Other analysts have also recently issued research reports about the stock. Robert W. Baird reduced their target price on shares of Camping World from $18.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, May 1st. KeyCorp reaffirmed an "overweight" rating and set a $18.00 price target (up from $16.00) on shares of Camping World in a research note on Friday, May 23rd. Baird R W cut shares of Camping World from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Citigroup lifted their price objective on Camping World from $16.00 to $21.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Monness Crespi & Hardt dropped their target price on shares of Camping World from $30.00 to $20.00 and set a "buy" rating for the company 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $22.44.

Hedge Funds Weigh In On Camping World

Institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC purchased a new stake in shares of Camping World during the 1st quarter valued at $44,000. Mpwm Advisory Solutions LLC purchased a new position in shares of Camping World during the 4th quarter valued at approximately $63,000. US Bancorp DE acquired a new position in Camping World during the 1st quarter worth $72,000. Sandia Investment Management LP acquired a new position in Camping World in the fourth quarter worth about $105,000. Finally, Summit Investment Advisors Inc. raised its holdings in shares of Camping World by 33.4% during the fourth quarter. Summit Investment Advisors Inc. now owns 5,546 shares of the company's stock worth $117,000 after purchasing an additional 1,390 shares during the period. 52.54% of the stock is currently owned by institutional investors and hedge funds.

Camping World Trading Down 1.6%

The company has a quick ratio of 0.19, a current ratio of 1.26 and a debt-to-equity ratio of 3.53. The stock's fifty day simple moving average is $15.50 and its 200-day simple moving average is $18.61.

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

Camping World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be given a $0.125 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.50 dividend on an annualized basis and a yield of 2.79%. Camping World's payout ratio is -108.70%.

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.