Zacks Investment Research lowered shares of Camping World (NYSE:CWH) from a buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “Camping World Holdings, Inc. is a provider of services, protection plans, products and resources for recreational vehicle enthusiasts. The company’s brand consists of Camping World and Good Sam. It offers new and used RVs for sale, vehicle service and maintenance through retail locations and membership clubs. Camping World Holdings, Inc. is based in Lincolnshire, United States. “
A number of other brokerages also recently weighed in on CWH. Robert W. Baird reiterated a buy rating and issued a $50.00 price target on shares of Camping World in a research report on Friday, December 22nd. ValuEngine downgraded shares of Camping World from a strong-buy rating to a buy rating in a research report on Friday, December 1st. Wells Fargo & Co reiterated an outperform rating and issued a $48.00 price target (up from $37.00) on shares of Camping World in a research report on Tuesday, November 7th. They noted that the move was a valuation call. Bank of America increased their target price on Camping World from $42.00 to $48.00 and gave the stock a buy rating in a research note on Tuesday, October 31st. Finally, Credit Suisse Group reissued an outperform rating and set a $45.00 target price (up from $43.00) on shares of Camping World in a research note on Tuesday, October 31st. One analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Camping World presently has an average rating of Buy and a consensus price target of $44.88.
Camping World (NYSE:CWH) last announced its quarterly earnings results on Thursday, November 9th. The company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The business had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.20 billion. Camping World had a net margin of 1.20% and a return on equity of 116.85%. Camping World’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. research analysts predict that Camping World will post 2.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.32 dividend on an annualized basis and a yield of 0.71%. Camping World’s payout ratio is 16.58%.
In related news, insider Brent L. Moody sold 100,000 shares of the stock in a transaction that occurred on Thursday, December 28th. The stock was sold at an average price of $45.47, for a total transaction of $4,547,000.00. Following the completion of the sale, the insider now directly owns 193,494 shares of the company’s stock, valued at approximately $8,798,172.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Roger L. Nuttall sold 33,555 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $45.78, for a total value of $1,536,147.90. Following the sale, the insider now directly owns 156,055 shares of the company’s stock, valued at $7,144,197.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,797,354 shares of company stock valued at $316,467,007. 66.60% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in shares of Camping World by 71.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 74,643 shares of the company’s stock worth $2,303,000 after acquiring an additional 31,023 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of Camping World by 347.5% during the 2nd quarter. Citadel Advisors LLC now owns 965,923 shares of the company’s stock worth $29,799,000 after acquiring an additional 750,059 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Camping World by 15.9% during the 2nd quarter. Wells Fargo & Company MN now owns 252,090 shares of the company’s stock worth $7,777,000 after acquiring an additional 34,665 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of Camping World by 4.5% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,147,173 shares of the company’s stock worth $45,886,000 after acquiring an additional 49,155 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Camping World by 17.4% during the 2nd quarter. Rhumbline Advisers now owns 14,443 shares of the company’s stock worth $446,000 after acquiring an additional 2,145 shares in the last quarter. 33.98% of the stock is 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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