Camping World Holdings Inc. (CWH) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Camping World Holdings Inc. (NYSE:CWH) from a hold rating to a buy rating in a research report sent to investors on Monday. They currently have $43.00 price target on the stock.

According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “

Other equities analysts have also recently issued reports about the stock. Credit Suisse Group set a $40.00 target price on shares of Camping World Holdings and gave the company a buy rating in a report on Friday, August 11th. Forward View raised shares of Camping World Holdings from a hold rating to a buy rating in a report on Monday, August 14th. Monness Crespi & Hardt started coverage on shares of Camping World Holdings in a report on Monday, August 7th. They issued a buy rating and a $40.00 target price on the stock. ValuEngine raised shares of Camping World Holdings from a hold rating to a buy rating in a report on Thursday, May 25th. Finally, Bank of America Corporation reaffirmed a buy rating on shares of Camping World Holdings in a report on Monday, June 12th. Thirteen research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Buy and an average price target of $36.96.

Camping World Holdings (CWH) traded down 0.66% during mid-day trading on Monday, reaching $39.00. 75,841 shares of the company’s stock traded hands. Camping World Holdings has a 52 week low of $20.45 and a 52 week high of $39.54. The stock’s market capitalization is $1.15 billion. The stock’s 50 day moving average is $39.10 and its 200-day moving average is $37.09.

Camping World Holdings (NYSE:CWH) last announced its earnings results on Thursday, August 10th. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.15. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.16 billion. Camping World Holdings had a net margin of 2.51% and a negative return on equity of 319.74%. The company’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, equities analysts anticipate that Camping World Holdings will post $2.12 EPS for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.08 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.82%. Camping World Holdings’s dividend payout ratio (DPR) is 14.29%.

In related news, insider Roger L. Nuttall sold 20,222 shares of Camping World Holdings stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $31.15, for a total value of $629,915.30. Following the transaction, the insider now directly owns 47,902 shares in the company, valued at approximately $1,492,147.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Roger L. Nuttall sold 1,200 shares of Camping World Holdings stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $31.01, for a total transaction of $37,212.00. Following the completion of the transaction, the insider now owns 47,902 shares in the company, valued at $1,485,441.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 425,550 shares of company stock worth $13,474,026. 66.60% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of CWH. Teachers Advisors LLC purchased a new position in Camping World Holdings in the 4th quarter valued at $882,000. Nationwide Fund Advisors boosted its position in shares of Camping World Holdings by 16.0% during the 1st quarter. Nationwide Fund Advisors now owns 7,205 shares of the company’s stock worth $232,000 after purchasing an additional 993 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Camping World Holdings during the 1st quarter worth $287,000. First Trust Advisors LP purchased a new stake in shares of Camping World Holdings during the 1st quarter worth $3,193,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Camping World Holdings by 13.7% during the 1st quarter. Bank of New York Mellon Corp now owns 41,888 shares of the company’s stock worth $1,351,000 after purchasing an additional 5,049 shares in the last quarter. Hedge funds and other institutional investors own 92.27% of the company’s stock.

About Camping World Holdings

Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.

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