Camping World (NYSE:CWH – Get Rating) announced its quarterly earnings data on Tuesday. The company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.21, Fidelity Earnings reports. Camping World had a return on equity of 93.03% and a net margin of 3.31%. During the same period last year, the firm earned $2.40 EPS.
Camping World Price Performance
CWH stock traded up $1.26 during mid-day trading on Thursday, reaching $31.10. 34,130 shares of the company's stock were exchanged, compared to its average volume of 776,157. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 5.64 and a beta of 2.79. The stock's 50 day moving average is $24.92 and its 200 day moving average is $28.19. The company has a debt-to-equity ratio of 6.98, a current ratio of 1.33 and a quick ratio of 0.23. Camping World has a 12-month low of $20.85 and a 12-month high of $46.77.
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Camping World Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Tuesday, June 14th were given a dividend of $0.625 per share. The ex-dividend date was Monday, June 13th. This represents a $2.50 dividend on an annualized basis and a yield of 8.04%. Camping World's dividend payout ratio is currently 47.26%.
Wall Street Analyst Weigh In
CWH has been the topic of a number of research reports. Truist Financial cut their price objective on Camping World to $26.00 in a report on Thursday, May 26th. Raymond James cut their price objective on Camping World from $40.00 to $32.00 in a report on Sunday, July 24th. DA Davidson initiated coverage on Camping World in a report on Wednesday, April 13th. They issued a "neutral" rating and a $29.00 price objective on the stock. TheStreet lowered Camping World from a "b-" rating to a "c+" rating in a report on Monday, April 25th. Finally, Monness Crespi & Hardt lowered their target price on Camping World from $40.00 to $32.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Camping World has a consensus rating of "Hold" and an average target price of $36.17.
Insiders Place Their Bets
In other Camping World news, CEO Marcus Lemonis purchased 38,350 shares of the stock in a transaction on Friday, June 10th. The shares were bought at an average price of $26.36 per share, for a total transaction of $1,010,906.00. Following the completion of the transaction, the chief executive officer now owns 121,450 shares of the company's stock, valued at approximately $3,201,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 47.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Camping World
Hedge funds have recently bought and sold shares of the business. Canada Pension Plan Investment Board purchased a new position in Camping World during the first quarter worth approximately $170,000. Point72 Hong Kong Ltd lifted its position in shares of Camping World by 69.9% in the first quarter. Point72 Hong Kong Ltd now owns 8,317 shares of the company's stock valued at $232,000 after acquiring an additional 3,421 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new position in shares of Camping World in the first quarter valued at approximately $307,000. Blair William & Co. IL purchased a new position in shares of Camping World in the first quarter valued at approximately $337,000. Finally, Envestnet Asset Management Inc. lifted its position in shares of Camping World by 38.6% in the second quarter. Envestnet Asset Management Inc. now owns 18,605 shares of the company's stock valued at $402,000 after acquiring an additional 5,184 shares in the last quarter. Hedge funds and other institutional investors own 84.47% of the company's stock.
Camping World Company Profile
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Camping World Holdings, Inc, through its subsidiaries, retails recreational vehicles (RVs), and related products and services. 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.
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