Camping World (NYSE:CWH – Get Rating) issued its quarterly earnings results on Tuesday. The company reported $2.16 EPS 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 quarter in the previous year, the firm posted $2.40 EPS.
Camping World Price Performance
Shares of Camping World stock opened at $29.84 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.23 and a debt-to-equity ratio of 6.98. The firm has a market capitalization of $2.48 billion, a PE ratio of 5.64 and a beta of 2.79. The business's 50-day moving average price is $24.92 and its 200-day moving average price is $28.19. Camping World has a 12 month low of $20.85 and a 12 month high of $46.77.
Get Camping World alerts:Camping World Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Stockholders 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 annualized dividend and a dividend yield of 8.38%. Camping World's dividend payout ratio (DPR) is presently 47.26%.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on CWH shares. TheStreet cut Camping World from a "b-" rating to a "c+" rating in a research report on Monday, April 25th. Truist Financial dropped their price objective on Camping World to $26.00 in a report on Thursday, May 26th. DA Davidson initiated coverage on Camping World in a report on Wednesday, April 13th. They set a "neutral" rating and a $29.00 price objective on the stock. Monness Crespi & Hardt dropped their price objective on Camping World from $40.00 to $32.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. Finally, Raymond James reaffirmed a "maintains" rating on shares of Camping World in a report on Thursday. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $36.17.Insider Activity
In related news, CEO Marcus Lemonis purchased 38,350 shares of Camping World stock in a transaction that occurred on Friday, June 10th. The shares were acquired at an average cost of $26.36 per share, for a total transaction of $1,010,906.00. Following the transaction, the chief executive officer now directly owns 121,450 shares in the company, valued at $3,201,422. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 47.50% of the company's stock.
Hedge Funds Weigh In On Camping World
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mackenzie Financial Corp grew its position in Camping World by 64.1% during the 1st quarter. Mackenzie Financial Corp now owns 101,133 shares of the company's stock worth $2,827,000 after acquiring an additional 39,511 shares during the last quarter. Invesco Ltd. grew its position in shares of Camping World by 40.7% in the 1st quarter. Invesco Ltd. now owns 100,973 shares of the company's stock worth $2,822,000 after buying an additional 29,194 shares during the last quarter. Raymond James & Associates grew its position in shares of Camping World by 5.2% in the 1st quarter. Raymond James & Associates now owns 49,959 shares of the company's stock worth $1,396,000 after buying an additional 2,448 shares during the last quarter. Baird Financial Group Inc. grew its position in shares of Camping World by 173.0% in the 1st quarter. Baird Financial Group Inc. now owns 48,097 shares of the company's stock worth $1,344,000 after buying an additional 30,482 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of Camping World by 63.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 45,766 shares of the company's stock worth $1,279,000 after buying an additional 17,848 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.
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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