Camping World (NYSE:CWH – Get Rating) released 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 period last year, the company posted $2.40 earnings per share.
Camping World Stock Performance
NYSE CWH traded down $0.33 during trading on Thursday, hitting $29.51. 1,228,039 shares of the company's stock traded hands, compared to its average volume of 1,429,582. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 5.58 and a beta of 2.79. The company has a debt-to-equity ratio of 6.98, a quick ratio of 0.23 and a current ratio of 1.33. The business has a 50 day moving average of $24.96 and a 200-day moving average of $28.14. 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. Investors of record on Tuesday, June 14th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 8.47%. The ex-dividend date was Monday, June 13th. Camping World's dividend payout ratio is currently 47.26%.
Insider Transactions at Camping World
In other Camping World news, CEO Marcus Lemonis purchased 38,350 shares of the company's stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average cost of $26.36 per share, for a total transaction of $1,010,906.00. Following the purchase, the chief executive officer now owns 121,450 shares of the company's stock, valued at approximately $3,201,422. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 47.50% of the company's stock.Institutional Trading of Camping World
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James & Associates grew its holdings in Camping World by 5.2% during the 1st quarter. Raymond James & Associates now owns 49,959 shares of the company's stock valued at $1,396,000 after buying an additional 2,448 shares in the last quarter. Point72 Hong Kong Ltd boosted 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 during the period. Envestnet Asset Management Inc. grew its stake in Camping World by 38.6% during 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. Canada Pension Plan Investment Board bought a new stake in Camping World during the 1st quarter worth approximately $170,000. Finally, MetLife Investment Management LLC lifted its stake in Camping World by 51.1% in the 1st quarter. MetLife Investment Management LLC now owns 23,224 shares of the company's stock worth $649,000 after purchasing an additional 7,855 shares in the last quarter. 84.47% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the stock. Monness Crespi & Hardt raised their price target on shares of Camping World from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Thursday. DA Davidson started coverage on Camping World in a report on Wednesday, April 13th. They issued a "neutral" rating and a $29.00 target price for the company. Truist Financial decreased their price target on Camping World to $26.00 in a research report on Thursday, May 26th. TheStreet cut Camping World from a "b-" rating to a "c+" rating in a research report on Monday, April 25th. Finally, Raymond James raised their target price on Camping World from $32.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $37.50.
About Camping World
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Camping World (CWH)
- Chipotle Mexican Grill Or Shake Shak? Which Is The Tastier Play
- Activision Blizzard Banks On A Flurry Of New Content
- Energy Transfer Is A Value Among High-Yield Energy Infrastructure
- The Institutions Are Buying Under Armor Again
- Warner Brothers Discovery is a Powerhouse Entertainment Play
Receive News & Ratings for Camping World Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Camping World and related companies with MarketBeat.com's FREE daily email newsletter.