Camping World (NYSE:CWH) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Camping World (NYSE:CWH) from a hold rating to a sell rating in a research report sent to investors on Saturday.

CWH has been the subject of a number of other reports. Citigroup reduced their price target on shares of Camping World from $22.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, October 31st. JPMorgan Chase & Co. reduced their target price on Camping World from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday, November 3rd. Truist Financial decreased their target price on Camping World from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, November 10th. BMO Capital Markets reiterated an “outperform” rating and set a $22.00 price target on shares of Camping World in a research report on Thursday, October 30th. Finally, Raymond James Financial decreased their price objective on shares of Camping World from $18.00 to $15.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Eight analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $17.67.

Camping World Stock Performance

Shares of Camping World stock opened at $13.18 on Friday. The company has a market cap of $1.35 billion, a PE ratio of -14.17 and a beta of 2.00. The company has a quick ratio of 0.27, a current ratio of 1.26 and a debt-to-equity ratio of 3.29. Camping World has a 52 week low of $9.49 and a 52 week high of $24.36. The business has a 50 day moving average price of $11.40 and a 200-day moving average price of $14.13.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a $0.125 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.50 annualized dividend and a yield of 3.8%. Camping World’s dividend payout ratio (DPR) is -53.76%.

Institutional Investors Weigh In On Camping World

Several institutional investors and hedge funds have recently modified their holdings of CWH. Voya Investment Management LLC increased its holdings in Camping World by 34.1% in the 3rd quarter. Voya Investment Management LLC now owns 911,553 shares of the company’s stock worth $14,393,000 after acquiring an additional 231,834 shares in the last quarter. Eminence Capital LP increased its stake in shares of Camping World by 123.3% in the second quarter. Eminence Capital LP now owns 4,134,705 shares of the company’s stock worth $71,076,000 after purchasing an additional 2,283,331 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Camping World by 42.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 390,853 shares of the company’s stock valued at $5,945,000 after purchasing an additional 117,138 shares during the period. Geode Capital Management LLC lifted its stake in shares of Camping World by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,416,074 shares of the company’s stock valued at $24,346,000 after buying an additional 76,441 shares in the last quarter. Finally, Walleye Capital LLC boosted its holdings in Camping World by 807.5% in the 2nd quarter. Walleye Capital LLC now owns 587,149 shares of the company’s stock worth $10,093,000 after buying an additional 522,449 shares during the period. 52.54% of the stock is owned by hedge funds and other institutional investors.

Camping World Company Profile

Camping World Holdings, Inc (NYSE: CWH) is a leading specialty retailer of recreational vehicles (“RVs”), RV parts and services, and outdoor lifestyle products. The company operates an extensive network of full-service RV dealerships, providing new and pre-owned RV sales alongside comprehensive maintenance, repair and warranty services. In addition to its dealership operations, Camping World offers a broad assortment of RV parts, accessories and gear through both its physical retail locations and e-commerce platform.

Beyond RV sales and service, Camping World’s offerings encompass outdoor cookware, apparel, camping and towing accessories under various proprietary and third-party brands.