Several other research firms have also weighed in on CWH. BMO Capital Markets reissued an outperform rating and set a $53.00 price objective (up from $40.00) on shares of Camping World in a research note on Monday, October 30th. ValuEngine lowered Camping World from a buy rating to a hold rating in a research note on Monday, October 2nd. Credit Suisse Group reissued a buy rating on shares of Camping World in a research note on Sunday, October 1st. Zacks Investment Research lowered Camping World from a buy rating to a hold rating in a research note on Monday, October 16th. Finally, Bank of America raised their target price on Camping World from $42.00 to $48.00 and gave the stock a buy rating in a research report on Tuesday, October 31st. Thirteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $44.88.
Camping World (NYSE:CWH) traded down $0.24 on Friday, reaching $46.06. The company had a trading volume of 276,900 shares, compared to its average volume of 482,186. Camping World has a 12-month low of $26.30 and a 12-month high of $47.62. The company has a current ratio of 1.29, a quick ratio of 0.29 and a debt-to-equity ratio of 2.74. The firm has a market cap of $4,023.94, a PE ratio of 23.26, a P/E/G ratio of 1.22 and a beta of 3.90.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.32 annualized dividend and a yield of 0.69%. Camping World’s dividend payout ratio (DPR) is currently 16.16%.
In other news, CFO Thomas F. Wolfe sold 42,183 shares of Camping World stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $38.15, for a total value of $1,609,281.45. Following the transaction, the chief financial officer now directly owns 59,961 shares in the company, valued at $2,287,512.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Marcus Lemonis sold 700,000 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $40.50, for a total value of $28,350,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,818,619 shares of company stock worth $316,452,240. Corporate insiders own 66.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bamco Inc. NY boosted its holdings in Camping World by 9.6% during the third quarter. Bamco Inc. NY now owns 2,335,600 shares of the company’s stock valued at $95,152,000 after purchasing an additional 205,000 shares in the last quarter. Davidson Kempner Capital Management LP acquired a new position in shares of Camping World in the 3rd quarter worth approximately $697,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Camping World by 75.5% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,458 shares of the company’s stock worth $752,000 after acquiring an additional 7,943 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Camping World in the 3rd quarter worth approximately $1,368,000. Finally, Engineers Gate Manager LP boosted its holdings in shares of Camping World by 96.2% in the 3rd quarter. Engineers Gate Manager LP now owns 65,826 shares of the company’s stock worth $2,682,000 after acquiring an additional 32,276 shares in the last quarter. 33.98% of the stock is currently owned by institutional investors.
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Camping World Company Profile
Camping World Holdings, Inc is a provider of a portfolio of services, protection plans, products and resources for recreational vehicle (RV) enthusiasts. The Company operates through two segments: Consumer Services and Plans, and Retail. Within the Consumer Services and Plans segment, the Company derives revenue from the sale of the offerings, including emergency roadside assistance; property and casualty insurance programs; travel assist programs; extended vehicle service contracts; co branded credit cards; vehicle financing and refinancing; club memberships, and publications and directories.
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