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364,972 Shares in Camping World Holdings, Inc. (NYSE:CWH) Acquired by Victory Capital Management Inc.

Defense World · Aug 8, 2022 05:21

Victory Capital Management Inc. purchased a new position in shares of Camping World Holdings, Inc. (NYSE:CWH – Get Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 364,972 shares of the company's stock, valued at approximately $9,372,000. Victory Capital Management Inc. owned about 0.43% of Camping World at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Shay Capital LLC grew its holdings in Camping World by 5.1% during the fourth quarter. Shay Capital LLC now owns 6,209 shares of the company's stock valued at $251,000 after purchasing an additional 301 shares during the period. Rafferty Asset Management LLC grew its holdings in Camping World by 1.5% during the fourth quarter. Rafferty Asset Management LLC now owns 24,481 shares of the company's stock valued at $989,000 after purchasing an additional 364 shares during the period. Geneos Wealth Management Inc. grew its holdings in Camping World by 413.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 621 shares of the company's stock valued at $25,000 after purchasing an additional 500 shares during the period. Sigma Planning Corp grew its holdings in Camping World by 8.0% during the first quarter. Sigma Planning Corp now owns 8,115 shares of the company's stock valued at $227,000 after purchasing an additional 600 shares during the period. Finally, Belpointe Asset Management LLC grew its holdings in Camping World by 2.6% during the fourth quarter. Belpointe Asset Management LLC now owns 26,695 shares of the company's stock valued at $1,078,000 after purchasing an additional 680 shares during the period. 84.47% of the stock is owned by institutional investors.

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Camping World Stock Performance

Shares of CWH opened at $29.02 on Monday. Camping World Holdings, Inc. has a 12 month low of $20.85 and a 12 month high of $46.77. The firm has a fifty day simple moving average of $24.99 and a 200 day simple moving average of $28.00. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 5.49 and a beta of 2.79. The company has a current ratio of 1.39, a quick ratio of 0.23 and a debt-to-equity ratio of 4.96.

Camping World (NYSE:CWH – Get Rating) last announced its earnings results on Tuesday, August 2nd. The company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.95 by $0.21. Camping World had a net margin of 3.31% and a return on equity of 87.92%. During the same quarter in the previous year, the business earned $2.40 earnings per share. Research analysts forecast that Camping World Holdings, Inc. will post 5.04 EPS for the current fiscal year.

Camping World Announces Dividend

The company 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. This represents a $2.50 annualized dividend and a yield of 8.61%. The ex-dividend date of this dividend was Monday, June 13th. Camping World's dividend payout ratio (DPR) is currently 47.26%.

Insiders Place Their Bets

In other news, CEO Marcus Lemonis purchased 38,350 shares of the company's stock in a transaction on Friday, June 10th. The shares were purchased at an average cost of $26.36 per share, with a total value 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 filing with the SEC, which is available through this link. Insiders own 47.50% of the company's stock.

Analysts Set New Price Targets

CWH has been the subject of a number of analyst reports. DA Davidson initiated coverage on shares of Camping World in a report on Wednesday, April 13th. They set a "neutral" rating and a $29.00 price objective for the company. Raymond James upped their price target on shares of Camping World from $32.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday. TheStreet cut shares of Camping World from a "b-" rating to a "c+" rating in a report on Monday, April 25th. Monness Crespi & Hardt upped their price target on shares of Camping World from $32.00 to $36.00 and gave the company a "buy" rating in a report on Thursday. Finally, Truist Financial reduced their price target on shares of Camping World to $26.00 in a report on Thursday, May 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Camping World presently has an average rating of "Hold" and a consensus target price of $37.50.

About Camping World

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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.