Bank of America Initiates Coverage on Camping World (NYSE:CWH)

Bank of America began coverage on shares of Camping World (NYSE:CWH) in a research report sent to investors on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a $30.00 price target on the stock.

A number of other research firms have also recently weighed in on CWH. KeyCorp raised their price target on shares of Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Truist Financial lifted their price target on shares of Camping World from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Raymond James upgraded Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price objective for the company in a report on Wednesday, October 30th. Monness Crespi & Hardt boosted their target price on Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Roth Mkm reiterated a “buy” rating and issued a $28.00 price target (up from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Camping World presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Camping World Trading Down 3.4 %

CWH opened at $20.29 on Thursday. 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 cap of $1.72 billion, a price-to-earnings ratio of -29.41 and a beta of 2.49. Camping World has a 12 month low of $17.29 and a 12 month high of $28.72. The stock has a fifty day moving average price of $23.01 and a 200-day moving average price of $21.74.

Camping World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Friday, December 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.50 annualized dividend and a dividend yield of 2.46%. Camping World’s dividend payout ratio (DPR) is presently -72.46%.

Hedge Funds Weigh In On Camping World

Several large investors have recently made changes to their positions in the company. Eminence Capital LP boosted its stake in shares of Camping World by 79.8% during the 2nd quarter. Eminence Capital LP now owns 4,344,303 shares of the company’s stock worth $77,589,000 after acquiring an additional 1,927,977 shares in the last quarter. Geode Capital Management LLC grew its holdings in Camping World by 4.5% in the third quarter. Geode Capital Management LLC now owns 978,330 shares of the company’s stock valued at $23,701,000 after purchasing an additional 41,705 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Camping World by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 718,578 shares of the company’s stock valued at $12,834,000 after buying an additional 121,022 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Camping World by 11.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 652,269 shares of the company’s stock worth $15,798,000 after buying an additional 65,798 shares during the period. Finally, Citigroup Inc. lifted its position in shares of Camping World by 22.6% during the 3rd quarter. Citigroup Inc. now owns 360,258 shares of the company’s stock valued at $8,725,000 after buying an additional 66,355 shares in the last quarter. 52.54% of the stock is currently owned by institutional investors and hedge funds.

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.