Camping World (NYSE:CWH) Stock Price Up 6.2% Following Dividend Announcement

Camping World Holdings Inc (NYSE:CWH) rose 6.2% on Wednesday after the company announced a dividend. The stock traded as high as $13.57 and last traded at $13.28, approximately 1,046,621 shares changed hands during mid-day trading. An increase of 21% from the average daily volume of 862,973 shares. The stock had previously closed at $12.51.

The newly announced dividend which will be paid on Monday, December 30th. Stockholders of record on Monday, December 16th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, December 13th. Camping World’s dividend payout ratio (DPR) is 28.57%.

CWH has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Camping World from a “hold” rating to a “sell” rating in a report on Monday, November 18th. Northcoast Research downgraded shares of Camping World from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. ValuEngine raised shares of Camping World from a “hold” rating to a “buy” rating in a report on Tuesday. BMO Capital Markets reduced their price objective on shares of Camping World from $11.00 to $9.00 and set a “market perform” rating for the company in a report on Friday, August 9th. Finally, Citigroup upped their price objective on shares of Camping World from $11.00 to $14.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.95.

The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 11.86 and a beta of 3.23. The firm’s fifty day moving average is $10.70 and its two-hundred day moving average is $10.31. The company has a debt-to-equity ratio of 79.52, a current ratio of 1.38 and a quick ratio of 0.27.

Camping World (NYSE:CWH) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.04). The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Camping World had a negative return on equity of 14,187.62% and a negative net margin of 1.27%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 EPS. On average, equities analysts forecast that Camping World Holdings Inc will post -0.6 earnings per share for the current fiscal year.

In other Camping World news, major shareholder Abrams Capital Management, L.P purchased 47,682 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were purchased at an average cost of $7.92 per share, for a total transaction of $377,641.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 49.40% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of CWH. Millennium Management LLC raised its stake in Camping World by 2,437.2% during the third quarter. Millennium Management LLC now owns 1,383,563 shares of the company’s stock worth $12,313,000 after acquiring an additional 1,329,031 shares in the last quarter. Man Group plc acquired a new position in Camping World during the third quarter worth $216,000. River Road Asset Management LLC raised its stake in Camping World by 26.0% during the third quarter. River Road Asset Management LLC now owns 541,364 shares of the company’s stock worth $4,818,000 after acquiring an additional 111,600 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Camping World by 305.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,905 shares of the company’s stock worth $26,000 after acquiring an additional 2,188 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in Camping World during the third quarter worth $722,000. Hedge funds and other institutional investors own 41.10% of the company’s stock.

Camping World Company Profile (NYSE:CWH)

Camping World Holdings, Inc, through its subsidiaries, operates as an outdoor and camping retailer. The company operates through three segments: Consumer Services and Plans, Dealership, and Retail. It provides a portfolio of services, protection plans, products, and resources for recreational vehicle (RV) owners and camping enthusiasts.

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