Camping World (NYSE:CWH) Coverage Initiated by Analysts at Bank of America

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

Other equities analysts have also recently issued research reports about the company. Roth Mkm reissued a “buy” rating and issued a $28.00 price target (up previously from $26.00) on shares of Camping World in a research note on Wednesday, October 30th. Raymond James raised Camping World from a “market perform” rating to an “outperform” rating and set a $27.00 price target on the stock in a research report on Wednesday, October 30th. KeyCorp lifted their target price on Camping World from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Monness Crespi & Hardt increased their price target on shares of Camping World from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com raised shares of Camping World from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.

Camping World Price Performance

Shares of NYSE:CWH opened at $21.31 on Thursday. The company has a debt-to-equity ratio of 9.67, a quick ratio of 0.19 and a current ratio of 1.23. The company has a market capitalization of $1.81 billion, a PE ratio of -30.88 and a beta of 2.49. The stock has a fifty day moving average of $22.97 and a 200-day moving average of $21.74. Camping World has a one year low of $17.29 and a one year high of $28.72.

Camping World Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Friday, December 13th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Friday, December 13th. Camping World’s payout ratio is presently -72.46%.

Hedge Funds Weigh In On Camping World

Several institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of Camping World by 6.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 336,682 shares of the company’s stock valued at $6,013,000 after acquiring an additional 21,842 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Camping World by 17.3% in the second quarter. Verdence Capital Advisors LLC now owns 61,638 shares of the company’s stock valued at $1,101,000 after purchasing an additional 9,086 shares during the period. TrueMark Investments LLC acquired a new stake in shares of Camping World in the second quarter worth $1,181,000. Telos Capital Management Inc. acquired a new position in Camping World in the 2nd quarter valued at $196,000. Finally, Game Plan Financial Advisors LLC lifted its position in Camping World by 142.1% during the 2nd quarter. Game Plan Financial Advisors LLC now owns 60,954 shares of the company’s stock worth $1,089,000 after acquiring an additional 35,779 shares during the last quarter. 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.