Camping World (NYSE:CWH) Sees Strong Trading Volume After Analyst Upgrade

Camping World Holdings, Inc. (NYSE:CWH) saw unusually-high trading volume on Tuesday after Truist Financial raised their price target on the stock from $26.00 to $28.00. Truist Financial currently has a buy rating on the stock. Approximately 2,465,392 shares were traded during mid-day trading, an increase of 106% from the previous session’s volume of 1,198,374 shares.The stock last traded at $23.46 and had previously closed at $23.25.

A number of other brokerages have also weighed in on CWH. StockNews.com upgraded Camping World from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reissued 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. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $24.00 price objective (down previously from $25.00) on shares of Camping World in a research note on Monday, October 21st. Raymond James upgraded shares of 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. Finally, KeyCorp boosted their target price on Camping World from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and a consensus target price of $27.71.

Institutional Trading of Camping World

Hedge funds have recently made changes to their positions in the company. Camelot Portfolios LLC increased its position in shares of Camping World by 3.7% during the 4th quarter. Camelot Portfolios LLC now owns 14,100 shares of the company’s stock worth $297,000 after purchasing an additional 500 shares during the last quarter. Creative Planning increased its position in shares of Camping World by 8.7% during the third quarter. Creative Planning now owns 11,133 shares of the company’s stock valued at $270,000 after acquiring an additional 892 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Camping World by 1.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 62,603 shares of the company’s stock valued at $1,516,000 after acquiring an additional 965 shares during the period. Blue Trust Inc. lifted its holdings in shares of Camping World by 195.0% in the 4th quarter. Blue Trust Inc. now owns 1,534 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares during the last quarter. Finally, Quest Partners LLC boosted its position in shares of Camping World by 5,647.8% during the 3rd quarter. Quest Partners LLC now owns 1,322 shares of the company’s stock worth $32,000 after purchasing an additional 1,299 shares during the period. Hedge funds and other institutional investors own 52.54% of the company’s stock.

Camping World Price Performance

The stock has a market cap of $1.99 billion, a price-to-earnings ratio of -33.93, a P/E/G ratio of 1.00 and a beta of 2.49. 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 company’s fifty day moving average is $22.41 and its two-hundred day moving average is $22.50.

Camping World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Friday, December 13th were paid a $0.125 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.14%. Camping World’s payout ratio is presently -72.46%.

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.