Camping World (NYSE:CWH) Price Target Raised to $28.00

Camping World (NYSE:CWH) had its target price boosted by Truist Financial from $26.00 to $28.00 in a report issued on Monday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also issued reports on CWH. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $24.00 price target (down previously from $25.00) on shares of Camping World in a research report on Monday, October 21st. StockNews.com raised Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Roth Mkm reissued a “buy” rating and issued a $28.00 target price (up previously from $26.00) on shares of Camping World in a research report on Wednesday, October 30th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 target price for the company in a research 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 research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Camping World currently has an average rating of “Moderate Buy” and an average price target of $27.71.

Camping World Price Performance

CWH opened at $23.41 on Monday. The stock has a 50-day moving average price of $22.41 and a 200-day moving average price of $22.50. The company has a debt-to-equity ratio of 9.67, a current ratio of 1.23 and a quick ratio of 0.19. The firm has a market cap of $1.99 billion, a PE ratio of -33.93, a P/E/G ratio of 1.00 and a beta of 2.49. Camping World has a 1 year low of $17.29 and a 1 year high of $28.72.

Camping World Announces Dividend

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

Institutional Investors Weigh In On Camping World

A number of large investors have recently made changes to their positions in the company. Cinctive Capital Management LP grew its stake in shares of Camping World by 117.2% during the 4th quarter. Cinctive Capital Management LP now owns 125,031 shares of the company’s stock valued at $2,636,000 after purchasing an additional 67,459 shares during the period. Geode Capital Management LLC grew its stake in shares of Camping World by 31.4% during the 4th quarter. Geode Capital Management LLC now owns 1,285,271 shares of the company’s stock valued at $27,100,000 after acquiring an additional 306,941 shares during the period. Franklin Resources Inc. bought a new position in shares of Camping World during the 4th quarter valued at approximately $4,291,000. Alliancebernstein L.P. grew its stake in shares of Camping World by 33.6% during the 4th quarter. Alliancebernstein L.P. now owns 54,000 shares of the company’s stock valued at $1,138,000 after acquiring an additional 13,570 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Camping World by 83.0% during the 4th quarter. Wellington Management Group LLP now owns 194,780 shares of the company’s stock valued at $4,106,000 after acquiring an additional 88,337 shares during the period. 52.54% of the stock is currently owned by institutional investors.

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.